Dynamic Advisor Solutions LLC Has $8.95 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Dynamic Advisor Solutions LLC reduced its holdings in International Business Machines Corporation by 11.2% during the second quarter, owning 30,369 shares valued at approximately $8.95 million.
• Analysts have set new price targets for IBM, with Goldman Sachs raising its target from $270 to $310, indicating a strong buy sentiment amidst varying ratings from different firms.
• IBM recently reported earnings of $2.80 per share, exceeding expectations, and announced a quarterly dividend of $1.68, resulting in a yield of 2.6%.

Dynamic Advisor Solutions LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 11.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,369 shares of the technology company's stock after selling 3,837 shares during the period. Dynamic Advisor Solutions LLC's holdings in International Business Machines were worth $8,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gilman Hill Asset Management LLC raised its holdings in shares of International Business Machines by 6.9% in the second quarter. Gilman Hill Asset Management LLC now owns 5,355 shares of the technology company's stock valued at $1,579,000 after purchasing an additional 345 shares during the last quarter. Lincoln Capital Corp raised its holdings in shares of International Business Machines by 10.3% in the second quarter. Lincoln Capital Corp now owns 910 shares of the technology company's stock valued at $268,000 after purchasing an additional 85 shares during the last quarter. PFW Advisors LLC purchased a new stake in shares of International Business Machines in the second quarter valued at about $222,000. Pines Wealth Management LLC raised its holdings in shares of International Business Machines by 6.0% in the second quarter. Pines Wealth Management LLC now owns 10,533 shares of the technology company's stock valued at $3,075,000 after purchasing an additional 599 shares during the last quarter. Finally, Taylor Hoffman Capital Management LLC purchased a new stake in International Business Machines during the second quarter worth about $221,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday. They set a "market perform" rating and a $280.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock 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 equities research 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $275.00.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $257.45 on Wednesday. The stock has a market cap of $239.27 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 3.95 and a beta of 0.71. The firm's 50-day moving average is $256.20 and its 200 day moving average is $256.99. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. 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 announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is currently 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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