BSW Wealth Partners Acquires Shares of 4,177 International Business Machines Corporation $IBM

Key Points

• BSW Wealth Partners has acquired 4,177 shares of International Business Machines Corporation (IBM), valued at approximately $1.23 million, indicating growing institutional interest in the technology giant.
• Analysts have recently adjusted their price targets for IBM, with Goldman Sachs raising its target from $270 to $310 and Bank of America lowering its target from $320 to $310, reflecting mixed sentiments on the stock's future performance.
• IBM declared a quarterly dividend of $1.68, resulting in an annualized dividend yield of 2.3%, which contributes to a high dividend payout ratio of 109.09%.

BSW Wealth Partners bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,177 shares of the technology company's stock, valued at approximately $1,231,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC grew its holdings in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after acquiring an additional 51 shares during the period. Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners increased 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted 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. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Bank of America dropped their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target 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. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $279.29.

International Business Machines Stock Performance

NYSE:IBM opened at $286.46 on Thursday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The firm has a 50 day simple moving average of $254.07 and a 200-day simple moving average of $258.70. The firm has a market cap of $266.23 billion, a PE ratio of 46.50, a P/E/G ratio of 4.34 and a beta of 0.73. 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 (NYSE:IBM - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the company earned $2.43 EPS. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.