Ashton Thomas Securities LLC Has $1.04 Million Position in International Business Machines Corporation $IBM

Key Points

• Ashton Thomas Securities LLC increased its holdings in International Business Machines Corporation (IBM) by 64.0% in the first quarter, bringing their total shares to 4,171, valued at approximately $1,037,000.
• Several analysts have raised their price targets for IBM, with Wedbush setting a target at $325.00 and JPMorgan Chase at $290.00, while the stock currently has a consensus rating of "Hold" with a target price of $268.75.
• IBM announced a quarterly dividend of $1.68 per share, translating to an annualized yield of 2.8%, while also reporting a strong quarterly earnings performance with $2.80 EPS, exceeding estimates by $0.15.

Ashton Thomas Securities LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 64.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,171 shares of the technology company's stock after purchasing an additional 1,628 shares during the period. Ashton Thomas Securities LLC's holdings in International Business Machines were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in IBM. Brighton Jones LLC increased its stake in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Accredited Wealth Management LLC bought a new position in International Business Machines during the 4th quarter worth $81,000. Aptus Capital Advisors LLC increased its stake in International Business Machines by 100.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 30,149 shares of the technology company's stock worth $6,628,000 after acquiring an additional 15,143 shares during the period. Ancora Advisors LLC increased its stake in International Business Machines by 15.5% during the 4th quarter. Ancora Advisors LLC now owns 6,839 shares of the technology company's stock worth $1,503,000 after acquiring an additional 916 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in International Business Machines by 5.0% during the 4th quarter. Benjamin Edwards Inc. now owns 96,780 shares of the technology company's stock worth $21,278,000 after acquiring an additional 4,635 shares during the period. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM traded down $2.08 during mid-day trading on Tuesday, hitting $241.41. 3,467,185 shares of the stock traded hands, compared to its average volume of 4,499,669. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a twelve month low of $199.34 and a twelve month high of $296.16. The company has a market cap of $224.37 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 3.75 and a beta of 0.71. The firm has a 50 day simple moving average of $263.75 and a two-hundred day simple moving average of $257.40.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the business posted $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.8%. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

A number of equities analysts have commented on IBM shares. Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $268.75.

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.