Avanza Fonder AB Acquires 2,839 Shares of International Business Machines Corporation $IBM

Key Points

• Avanza Fonder AB increased its stake in International Business Machines Corporation (IBM) by 4.9% during Q2, acquiring an additional 2,839 shares, bringing its total to 60,957 shares valued at approximately $17.97 million.
• Wall Street analysts have mixed ratings on IBM, with a consensus rating of "Hold" and an average price target of $275.00, while various firms have adjusted their price targets ranging from $200.00 to $325.00.
• IBM announced a quarterly dividend of $1.68 per share, reflecting a 2.5% yield, but its dividend payout ratio is currently at a high of 109.09%.

Avanza Fonder AB boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,957 shares of the technology company's stock after purchasing an additional 2,839 shares during the quarter. International Business Machines comprises approximately 0.5% of Avanza Fonder AB's holdings, making the stock its 26th largest position. Avanza Fonder AB's holdings in International Business Machines were worth $17,969,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $31,000. Silicon Valley Capital Partners lifted its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, Compass Financial Services Inc lifted its position in shares of International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after acquiring an additional 49 shares during the period. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Wedbush raised their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average price target of $275.00.

International Business Machines Trading Up 0.8%

Shares of IBM stock opened at $267.19 on Friday. The stock has a 50 day simple moving average of $254.82 and a 200 day simple moving average of $257.25. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The stock has a market cap of $248.33 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping 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 firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

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.

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