BCS Wealth Management Boosts Stock Holdings in International Business Machines Corporation $IBM

Key Points

• BCS Wealth Management increased its stake in International Business Machines Corporation (IBM) by 97.7% during the second quarter, acquiring an additional 1,098 shares, bringing its total to 2,222 shares valued at $655,000.
• Multiple hedge funds have recently invested in IBM, contributing to 58.96% of the company’s stock being owned by institutional investors.
• The Goldman Sachs Group raised its price objective for IBM from $270 to $310, maintaining a "buy" rating, while the consensus price target stands at $275.

BCS Wealth Management increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 97.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,222 shares of the technology company's stock after buying an additional 1,098 shares during the quarter. BCS Wealth Management's holdings in International Business Machines were worth $655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the 1st quarter worth about $31,000. Silicon Valley Capital Partners raised its stake in 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 during the period. Finally, Compass Financial Services Inc raised its stake in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after acquiring an additional 49 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on IBM shares. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective on the stock. Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada boosted their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $275.00.

International Business Machines Stock Performance

NYSE:IBM opened at $267.77 on Thursday. The firm has a market cap of $248.87 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 4.19 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The business has a 50 day moving average price of $254.10 and a 200-day moving average price of $257.55.

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 analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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