Fiduciary Alliance LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 229.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,427 shares of the technology company's stock after purchasing an additional 12,842 shares during the quarter. Fiduciary Alliance LLC's holdings in International Business Machines were worth $5,432,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% during the first 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 during the last quarter. Finally, Compass Financial Services Inc boosted its position in shares of International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 58.96% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on IBM. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Bank of America reduced their price target on 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. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $270.67.
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International Business Machines Trading Up 1.1%
Shares of International Business Machines stock opened at $256.29 on Tuesday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The company's fifty day simple moving average is $256.87 and its 200-day simple moving average is $256.99. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $238.20 billion, a PE ratio of 41.61, a P/E/G ratio of 3.90 and a beta of 0.71.
International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.
International Business Machines Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.
About International Business Machines
(
Free Report)
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.
Further Reading
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