International Business Machines Corporation $IBM Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 238.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,058 shares of the technology company’s stock after purchasing an additional 11,318 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in International Business Machines were worth $4,734,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Brighton Jones LLC grew its stake in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Madison Asset Management LLC acquired a new stake in shares of International Business Machines during the first quarter worth $264,000. Brookwood Investment Group LLC acquired a new stake in shares of International Business Machines during the first quarter worth $538,000. Cetera Investment Advisers grew its position in International Business Machines by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 306,599 shares of the technology company’s stock valued at $76,239,000 after buying an additional 21,643 shares during the last quarter. Finally, Nicholas Wealth LLC. increased its stake in International Business Machines by 2.0% in the 1st quarter. Nicholas Wealth LLC. now owns 4,594 shares of the technology company’s stock valued at $1,142,000 after buying an additional 90 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $297.36 on Friday. The firm has a market capitalization of $277.95 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. 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 business’s 50 day simple moving average is $289.55 and its 200-day simple moving average is $273.08. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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 return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IBM shares. Jefferies Financial Group raised their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Stifel Nicolaus cut their price target on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. UBS Group lifted their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley cut their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. One 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $291.08.

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.