AG2R LA Mondiale Gestion D Actifs Increases Stock Holdings in International Business Machines Corporation $IBM

AG2R LA Mondiale Gestion D Actifs boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 34,522 shares of the technology company’s stock after purchasing an additional 406 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in International Business Machines were worth $10,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Brooklyn Investment Group increased its stake in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA grew its holdings in shares of International Business Machines by 5.7% during the first 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 raised its stake in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in International Business Machines by 5.6% in the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after buying an additional 3,276 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 8.0%

Shares of International Business Machines stock opened at $307.78 on Friday. The company’s 50 day moving average price is $266.21 and its 200-day moving average price is $263.57. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $310.75. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.87 and a current ratio of 0.93. The stock has a market capitalization of $286.05 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research analyst reports. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group upped their price objective on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Bank of America upped their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $288.00.

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.