Caitong International Asset Management Co. Ltd Boosts Stake in International Business Machines Corporation $IBM

Caitong International Asset Management Co. Ltd raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 45,200.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 453 shares of the technology company’s stock after acquiring an additional 452 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in International Business Machines were worth $134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA raised its stake in 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 valued at $58,676,000 after acquiring an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC raised its stake in 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 valued at $4,392,000 after acquiring an additional 16,592 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in 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 valued at $1,867,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in International Business Machines by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock valued at $15,434,000 after acquiring an additional 3,276 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Jefferies Financial Group increased their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday. Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $307.78 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $310.75. The company has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a PEG ratio of 4.35 and a beta of 0.73. The business has a 50 day moving average price of $266.21 and a 200 day moving average price of $263.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the business posted $2.30 EPS. International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

About International Business Machines

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.