Aviva PLC Raises Stock Position in International Business Machines Corporation $IBM

Aviva PLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 7.3% during the second quarter, HoldingsChannel.com reports. The fund owned 693,252 shares of the technology company’s stock after acquiring an additional 47,342 shares during the period. Aviva PLC’s holdings in International Business Machines were worth $204,357,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IBM. Family CFO Inc purchased a new position in International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners raised its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $306.64 on Friday. The firm has a fifty day simple moving average of $279.45 and a two-hundred day simple moving average of $268.83. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $319.35. The company has a market capitalization of $286.63 billion, a PE ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Jefferies Financial Group lifted their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Morgan Stanley cut their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.