International Business Machines Corporation $IBM Shares Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 45,200.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 453 shares of the technology company’s stock after buying an additional 452 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in International Business Machines were worth $134,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Family CFO Inc acquired a new stake in International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IBM. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group raised 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $288.00.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $307.78 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $310.75. The stock 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 company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. The business’s fifty day moving average price is $266.21 and its 200 day moving average price is $263.57.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

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.