Plato Investment Management Ltd Has $5.26 Million Stock Position in International Business Machines Corporation $IBM

Plato Investment Management Ltd increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 14.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,896 shares of the technology company’s stock after buying an additional 2,247 shares during the period. Plato Investment Management Ltd’s holdings in International Business Machines were worth $5,256,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Family CFO Inc bought a new position in International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the first quarter worth approximately $28,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Dagco Inc. bought a new stake in International Business Machines in the first quarter worth approximately $31,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. BMO Capital Markets lifted their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Morgan Stanley lowered their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Trading Down 0.9%

NYSE IBM opened at $307.24 on Friday. The company has a market cap of $287.19 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $319.35. The business has a 50 day moving average price of $273.16 and a 200-day moving average price of $266.66. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s payout ratio 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.