American Century Companies Inc. Grows Stock Holdings in International Business Machines Corporation $IBM

American Century Companies Inc. raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523,279 shares of the technology company’s stock after acquiring an additional 75,937 shares during the period. American Century Companies Inc. owned about 0.06% of International Business Machines worth $154,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nemes Rush Group LLC increased its stake in shares of International Business Machines by 5.9% in the second quarter. Nemes Rush Group LLC now owns 3,088 shares of the technology company’s stock worth $910,000 after buying an additional 171 shares during the period. Private Management Group Inc. bought a new stake in International Business Machines in the 2nd quarter worth $419,000. Cowa LLC increased its position in shares of International Business Machines by 3.8% in the second quarter. Cowa LLC now owns 4,725 shares of the technology company’s stock valued at $1,393,000 after acquiring an additional 172 shares during the period. New World Advisors LLC raised its stake in shares of International Business Machines by 40.9% during the second quarter. New World Advisors LLC now owns 2,026 shares of the technology company’s stock valued at $597,000 after acquiring an additional 588 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in shares of International Business Machines by 7.3% during the second quarter. Bahl & Gaynor Inc. now owns 11,351 shares of the technology company’s stock worth $3,346,000 after purchasing an additional 771 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

IBM opened at $297.36 on Monday. The company’s 50-day simple moving average is $289.55 and its two-hundred day simple moving average is $273.38. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market capitalization of $277.95 billion, a P/E ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $214.50 and a 52-week 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 analysts’ expectations 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 EPS 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. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IBM shares. Jefferies Financial Group upped their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein began coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Friday. They set an “outperform” rating and a $360.00 price objective on the stock. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average price target of $291.08.

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.