SCS Capital Management LLC Takes $2.67 Million Position in International Business Machines Corporation $IBM

SCS Capital Management LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,715 shares of the technology company’s stock, valued at approximately $2,665,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of International Business Machines by 6.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock worth $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of International Business Machines by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock worth $1,783,281,000 after purchasing an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of International Business Machines by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock worth $1,371,812,000 after purchasing an additional 52,317 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.2%

IBM opened at $259.04 on Wednesday. The stock has a market cap of $240.75 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 3.94 and a beta of 0.71. The stock’s 50 day moving average price is $259.66 and its 200-day moving average price is $256.99. International Business Machines Corporation has a one year low of $202.87 and a one year high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

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

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of several research reports. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines 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.