MUFG Securities EMEA plc Acquires 20,490 Shares of International Business Machines Corporation $IBM

MUFG Securities EMEA plc boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 114.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,320 shares of the technology company’s stock after purchasing an additional 20,490 shares during the quarter. MUFG Securities EMEA plc’s holdings in International Business Machines were worth $11,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new position in International Business Machines in the 4th quarter worth approximately $25,000. Family CFO Inc bought a new position in International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter worth approximately $28,000. SWAN Capital LLC bought a new position in International Business Machines in the 3rd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA bought a new position in International Business Machines in the 4th quarter worth approximately $31,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

IBM stock opened at $298.26 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The business’s fifty day simple moving average is $240.16 and its two-hundred day simple moving average is $270.71. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The firm has a market cap of $280.33 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.08 and a beta of 0.66.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a $1.69 dividend. The ex-dividend date is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s payout ratio is 59.77%.

International Business Machines News Summary

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM unveiled a more than $10 billion quantum computing investment plan, reinforcing its leadership in an emerging high-growth market. IBM to invest $10 billion for large-scale quantum computer by 2029
• Positive Sentiment: IBM and Red Hat launched Project Lightwell, a $5 billion push to secure open-source software with AI tools and 20,000 engineers, which could strengthen its enterprise security franchise. IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era
• Positive Sentiment: Wedbush reiterated an Outperform rating and raised its target to $320, signaling continued analyst confidence in IBM’s upside. IBM Is Chasing A ‘$1 Trillion Value Creation Engine’ — And It’s Spending $15 Billion To Get There

Analyst Ratings Changes

IBM has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Morgan Stanley increased their price target on International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. UBS Group upgraded International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a report on Wednesday, February 25th. Weiss Ratings lowered International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets decreased their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.41.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.