Balboa Wealth Partners Has $1.06 Million Position in International Business Machines Corporation $IBM

Key Points

• Balboa Wealth Partners increased its stake in International Business Machines Corporation (IBM) by 83.6%, now holding $1.06 million worth of shares.
• IBM's recent earnings report showed $2.80 EPS, surpassing estimates, with revenues rising by 7.7% compared to the previous year.
• Analysts have a consensus target price of $286.38 for IBM, with ratings ranging from "Strong Buy" to "Sell" across different brokerage firms.

Balboa Wealth Partners boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 83.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,601 shares of the technology company's stock after acquiring an additional 1,640 shares during the quarter. Balboa Wealth Partners' holdings in International Business Machines were worth $1,061,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new position in International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners raised its stake 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 valued at $32,000 after acquiring an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IBM. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $315.00 target price on shares of International Business Machines in a report on Thursday. The Goldman Sachs Group boosted their target price on shares of 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, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, International Business Machines currently has an average rating of "Hold" and a consensus target price of $286.38.

International Business Machines Price Performance

NYSE:IBM opened at $280.95 on Monday. 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 one year low of $203.51 and a one year high of $301.04. The company has a fifty day moving average price of $261.07 and a 200 day moving average price of $261.86. The stock has a market cap of $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73.

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

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

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.

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