Elser Financial Planning Inc Buys New Position in International Business Machines Corporation $IBM

Key Points

• Elser Financial Planning Inc purchased 902 shares of International Business Machines Corporation (IBM) valued at approximately $254,000, indicating a new investment in the tech sector.
• Various institutional investors, including Highline Wealth Partners LLC and Silicon Valley Capital Partners, have recently increased their stakes in IBM, with hedge funds owning 58.96% of the stock.
• IBM's stock analysts have raised price targets significantly, with ratings ranging from a Buy to a Sell, reflecting a consensus rating of Hold and an average price target of $275.00.

Elser Financial Planning Inc bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 902 shares of the technology company's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter worth about $31,000. Silicon Valley Capital Partners raised its stake in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after buying an additional 100 shares during the period. Finally, Highline Wealth Partners LLC raised its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average price target of $275.00.

International Business Machines Stock Performance

IBM opened at $280.02 on Tuesday. The firm has a market capitalization of $260.25 billion, a PE ratio of 45.46, a PEG ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The firm's 50-day moving average price is $253.98 and its 200 day moving average price is $258.34. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the business posted $2.43 EPS. International Business Machines's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed 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 was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is 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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