Resona Asset Management Co. Ltd. Boosts Holdings in International Business Machines Corporation $IBM

Resona Asset Management Co. Ltd. boosted its position in International Business Machines Corporation (NYSE:IBM) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,288 shares of the technology company’s stock after purchasing an additional 4,807 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in International Business Machines were worth $100,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Brighton Jones LLC lifted its stake in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of International Business Machines by 1.4% in the 1st quarter. Brown Advisory Inc. now owns 266,145 shares of the technology company’s stock worth $66,180,000 after buying an additional 3,757 shares during the last quarter. Stratos Investment Management LLC increased its holdings in shares of International Business Machines by 5.5% in the 1st quarter. Stratos Investment Management LLC now owns 2,249 shares of the technology company’s stock worth $559,000 after buying an additional 117 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of International Business Machines by 8.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,411 shares of the technology company’s stock worth $1,097,000 after buying an additional 353 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of International Business Machines by 8.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,177 shares of the technology company’s stock worth $289,000 after buying an additional 96 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Royal Bank Of Canada decreased their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. BMO Capital Markets increased their price target on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, UBS Group increased their price target on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

IBM stock opened at $306.91 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a 52 week low of $204.07 and a 52 week high of $319.35. The firm’s fifty day moving average is $276.85 and its 200 day moving average is $268.03. The firm has a market cap of $286.88 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.33 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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter last year, the firm earned $2.30 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.