Czech National Bank Has $66.97 Million Stock Position in International Business Machines Corporation $IBM

Czech National Bank lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 227,177 shares of the technology company’s stock after buying an additional 14,801 shares during the period. Czech National Bank’s holdings in International Business Machines were worth $66,967,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines during the 1st quarter worth $396,000. Brooklyn Investment Group grew its holdings in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA grew its holdings in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC lifted its position in shares of International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after buying an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after buying an additional 2,399 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets upped their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $270.67.

International Business Machines Price Performance

Shares of IBM opened at $256.29 on Tuesday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $238.20 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71. The business has a 50-day moving average of $256.87 and a 200-day moving average of $256.99.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

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.