AG2R LA Mondiale Gestion D Actifs Purchases 406 Shares of International Business Machines Corporation $IBM

AG2R LA Mondiale Gestion D Actifs increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,522 shares of the technology company’s stock after buying an additional 406 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in International Business Machines were worth $10,176,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IBM. Family CFO Inc bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners increased its stake 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 acquiring an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $307.78 on Friday. The stock has a 50 day moving average of $266.21 and a 200 day moving average of $263.57. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $310.75. The company has a market capitalization of $286.05 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 4.35 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released 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 net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. The company’s revenue 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, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday. Royal Bank Of Canada decreased their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $288.00.

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.