International Business Machines Corporation $IBM Shares Acquired by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,042 shares of the technology company’s stock after purchasing an additional 511 shares during the period. International Business Machines accounts for 2.5% of Terra Nova Asset Management LLC’s holdings, making the stock its 10th biggest position. Terra Nova Asset Management LLC’s holdings in International Business Machines were worth $3,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Vise Technologies Inc. acquired a new position in International Business Machines in the 2nd quarter valued at about $16,565,000. Edgar Lomax Co. VA grew its stake in shares of International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after buying an additional 12,690 shares during the period. Vanguard Group Inc. raised its position in shares of International Business Machines by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after buying an additional 1,913,708 shares during the period. Finally, Thames Capital Management LLC acquired a new position in International Business Machines in the second quarter valued at approximately $2,710,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.5%

Shares of IBM stock opened at $288.48 on Thursday. International Business Machines Corporation has a fifty-two week low of $209.77 and a fifty-two week high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $288.00 and a 200-day simple moving average of $272.62. The stock has a market cap of $269.66 billion, a P/E ratio of 34.51, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share 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 net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal 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 $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

Wall Street Analyst Weigh In

Several research analysts recently commented on IBM shares. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Bank of America boosted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. UBS Group increased their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average price target of $288.00.

About International Business Machines

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.