Sienna Gestion Acquires New Shares in International Business Machines Corporation $IBM

Sienna Gestion acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,780 shares of the technology company’s stock, valued at approximately $9,899,000.

Several other large investors have also bought and sold shares of IBM. Family CFO Inc acquired a new stake in International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in International Business Machines in the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% in the first 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 in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM opened at $306.91 on Thursday. International Business Machines Corporation has a 1 year low of $204.07 and a 1 year high of $319.35. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $286.88 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The business has a 50-day moving average of $276.85 and a 200-day moving average of $268.03.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the company earned $2.30 earnings per share. The firm’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, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analyst Ratings Changes

Several research firms recently weighed in on IBM. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Royal Bank Of Canada dropped 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, October 23rd. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. Finally, UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. One 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 has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.