Curi RMB Capital LLC Grows Stock Position in International Business Machines Corporation $IBM

Curi RMB Capital LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 27.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,290 shares of the technology company’s stock after buying an additional 17,107 shares during the period. Curi RMB Capital LLC’s holdings in International Business Machines were worth $19,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth approximately $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines in the 1st quarter worth approximately $45,000. Finally, Park Square Financial Group LLC purchased a new position in International Business Machines in the 4th quarter valued at approximately $43,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $243.92 on Thursday. The stock has a market cap of $226.70 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 3.75 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The business has a 50-day simple moving average of $262.80 and a 200 day simple moving average of $257.31. International Business Machines Corporation has a 52 week low of $199.34 and a 52 week high of $296.16.

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group increased their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Citigroup restated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $268.75.

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.