International Business Machines Corporation $IBM Shares Purchased by QTR Family Wealth LLC

QTR Family Wealth LLC lifted its stake in International Business Machines Corporation (NYSE:IBM) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,167 shares of the technology company’s stock after acquiring an additional 128 shares during the quarter. QTR Family Wealth LLC’s holdings in International Business Machines were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IBM. GQG Partners LLC acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $1,040,057,000. Nuveen LLC acquired a new position in shares of International Business Machines in the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.9%

Shares of NYSE:IBM opened at $282.19 on Wednesday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The company’s 50 day moving average is $253.98 and its two-hundred day moving average is $258.50. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market cap of $262.27 billion, a PE ratio of 45.81, a P/E/G ratio of 4.31 and a beta of 0.71.

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

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of several recent research reports. Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $275.00.

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.