Blair William & Co. IL Purchases 14,771 Shares of International Business Machines Corporation $IBM

Blair William & Co. IL raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,623 shares of the technology company's stock after buying an additional 14,771 shares during the quarter. Blair William & Co. IL owned about 0.05% of International Business Machines worth $140,204,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Lifestyle Asset Management Inc. increased its stake in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after buying an additional 36 shares during the period. Whelan Financial grew its stake in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC increased its position in shares of International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock worth $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC raised its stake in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC boosted its holdings in International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock valued at $356,000 after purchasing an additional 39 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target on the stock. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average target price of $284.62.

International Business Machines Stock Down 1.6%

Shares of NYSE:IBM opened at $289.31 on Thursday. The firm has a 50 day simple moving average of $256.92 and a 200-day simple moving average of $260.14. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $268.88 billion, a PE ratio of 46.97, a P/E/G ratio of 4.52 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the business earned $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given 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 dividend yield of 2.3%. International Business Machines's dividend payout ratio is 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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