Waterloo Capital L.P. Has $2.46 Million Stake in International Business Machines Corporation $IBM

Waterloo Capital L.P. grew its holdings in International Business Machines Corporation (NYSE:IBM) by 62.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,338 shares of the technology company’s stock after purchasing an additional 3,217 shares during the quarter. Waterloo Capital L.P.’s holdings in International Business Machines were worth $2,458,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IBM. Lifestyle Asset Management Inc. grew its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial lifted its holdings in shares of International Business Machines by 2.4% during the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC boosted its position in shares of International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC grew its stake in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after acquiring an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC increased its position in International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after acquiring an additional 39 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. BMO Capital Markets boosted their price objective 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. Oppenheimer initiated coverage on shares of International Business Machines in a research note on Friday. They issued an “outperform” rating and a $360.00 target price for the company. Jefferies Financial Group lifted their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $291.08.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $297.36 on Monday. The firm has a market cap of $277.95 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm’s 50-day simple moving average is $289.55 and its 200-day simple moving average is $273.38. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. 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 (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is currently 80.38%.

International Business Machines 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.