Aberdeen Group plc Boosts Stock Position in International Business Machines Corporation $IBM

Aberdeen Group plc raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,091,090 shares of the technology company’s stock after purchasing an additional 72,846 shares during the quarter. International Business Machines accounts for 0.5% of Aberdeen Group plc’s portfolio, making the stock its 25th largest position. Aberdeen Group plc owned approximately 0.12% of International Business Machines worth $319,760,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IBM. Family CFO Inc purchased a new stake in International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in 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 period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IBM shares. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Performance

NYSE IBM opened at $278.09 on Friday. The stock has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. 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 stock has a 50-day moving average of $258.19 and a 200 day moving average of $260.60.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during 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%.International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. 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 presently 109.09%.

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.