LMR Partners LLP Makes New $19.01 Million Investment in International Business Machines Corporation $IBM

LMR Partners LLP acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 64,502 shares of the technology company’s stock, valued at approximately $19,014,000.

A number of other hedge funds also recently made changes to their positions in IBM. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter worth approximately $25,000. Winnow Wealth LLC purchased a new position in shares of International Business Machines during the 2nd quarter valued at $27,000. Highline Wealth Partners LLC boosted its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the period. Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Copia Wealth Management lifted its position in shares of International Business Machines by 57.6% in the second quarter. Copia Wealth Management now owns 134 shares of the technology company’s stock valued at $40,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 0.5%

Shares of NYSE:IBM opened at $309.33 on Friday. The company has a market capitalization of $289.14 billion, a PE ratio of 37.00, a P/E/G ratio of 3.09 and a beta of 0.69. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90. The business’s fifty day simple moving average is $299.47 and its 200-day simple moving average is $278.09.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the company earned $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $1.68 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Bank of America raised their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Finally, UBS Group reissued a “sell” rating on shares of International Business Machines in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.38.

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.