International Business Machines Corporation $IBM Shares Purchased by Cullen Investment Group LTD.

Cullen Investment Group LTD. increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,173 shares of the technology company’s stock after acquiring an additional 172 shares during the period. Cullen Investment Group LTD.’s holdings in International Business Machines were worth $1,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AG2R LA Mondiale Gestion D Actifs acquired a new position in International Business Machines during the first quarter worth $8,838,000. Howe & Rusling Inc. raised its holdings in International Business Machines by 7.7% during the first quarter. Howe & Rusling Inc. now owns 3,390 shares of the technology company’s stock worth $843,000 after purchasing an additional 243 shares during the last quarter. Compass Financial Services Inc raised its holdings in International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after purchasing an additional 49 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in International Business Machines by 51.9% during the first quarter. CBIZ Investment Advisory Services LLC now owns 313 shares of the technology company’s stock worth $78,000 after purchasing an additional 107 shares during the last quarter. Finally, Modern Wealth Management LLC raised its holdings in International Business Machines by 17.8% during the first quarter. Modern Wealth Management LLC now owns 17,477 shares of the technology company’s stock worth $4,346,000 after purchasing an additional 2,640 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $253.46 on Friday. The firm has a market capitalization of $235.56 billion, a P/E ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. The stock has a fifty day moving average price of $257.59 and a 200 day moving average price of $256.93. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. UBS Group boosted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus price target of $270.67.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.