Balefire LLC Increases Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Balefire LLC increased its stake in IBM by 42.9% in the second quarter, now owning 4,913 shares valued at approximately $1.45 million.
• Several institutional investors, including Fiduciary Alliance LLC and Fragasso Financial Advisors Inc, also raised their holdings in IBM, contributing to over 58.96% of the stock being owned by hedge funds.
• IBM's stock has a price target range with analysts providing ratings from Strong Buy to Sell, reflecting a consensus average target price of $275.

Balefire LLC increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,913 shares of the technology company's stock after acquiring an additional 1,474 shares during the quarter. Balefire LLC's holdings in International Business Machines were worth $1,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fragasso Financial Advisors Inc grew its position in shares of International Business Machines by 21.2% in the second quarter. Fragasso Financial Advisors Inc now owns 2,031 shares of the technology company's stock valued at $599,000 after purchasing an additional 355 shares during the period. Fiduciary Alliance LLC boosted its holdings in International Business Machines by 229.9% in the 2nd quarter. Fiduciary Alliance LLC now owns 18,427 shares of the technology company's stock worth $5,432,000 after buying an additional 12,842 shares during the last quarter. Bank of New Hampshire increased its stake in International Business Machines by 12.7% during the 2nd quarter. Bank of New Hampshire now owns 10,714 shares of the technology company's stock worth $3,158,000 after buying an additional 1,211 shares in the last quarter. Central Bank & Trust Co. raised its holdings in shares of International Business Machines by 5.1% during the second quarter. Central Bank & Trust Co. now owns 1,962 shares of the technology company's stock valued at $578,000 after acquiring an additional 95 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its position in shares of International Business Machines by 26.8% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 14,450 shares of the technology company's stock valued at $4,260,000 after acquiring an additional 3,050 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IBM shares. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Up 0.5%

NYSE:IBM opened at $257.45 on Wednesday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock's fifty day moving average is $256.20 and its two-hundred day moving average is $256.99. The stock has a market capitalization of $239.27 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 3.95 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

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, 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued 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 2.6%. International Business Machines's payout ratio is 109.09%.

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.

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