International Business Machines Corporation $IBM Shares Bought by Interchange Capital Partners LLC

Interchange Capital Partners LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921 shares of the technology company’s stock after acquiring an additional 96 shares during the period. Interchange Capital Partners LLC’s holdings in International Business Machines were worth $1,451,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IBM. Brighton Jones LLC lifted its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after buying an additional 2,862 shares during the last quarter. Perpetual Ltd lifted its position in shares of International Business Machines by 7.3% in the 1st quarter. Perpetual Ltd now owns 11,624 shares of the technology company’s stock worth $2,890,000 after buying an additional 787 shares during the last quarter. First Merchants Corp bought a new position in shares of International Business Machines in the 1st quarter worth about $242,000. Finally, Beacon Financial Advisory LLC lifted its position in shares of International Business Machines by 12.3% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,570 shares of the technology company’s stock worth $390,000 after buying an additional 172 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IBM. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday. Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Up 8.0%

Shares of NYSE:IBM opened at $307.78 on Friday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $310.75. The company has a market cap of $286.05 billion, a PE ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. The company’s 50-day moving average price is $266.21 and its 200 day moving average price is $263.87. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the previous year, the firm earned $2.30 EPS. International Business Machines’s 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 anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. 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 payout ratio is 80.38%.

International Business Machines Company 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.