Forum Financial Management LP Buys 1,579 Shares of International Business Machines Corporation $IBM

Forum Financial Management LP raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 19.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,810 shares of the technology company's stock after purchasing an additional 1,579 shares during the quarter. Forum Financial Management LP's holdings in International Business Machines were worth $2,892,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Lifestyle Asset Management Inc. lifted its holdings 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 purchasing an additional 36 shares during the last quarter. Whelan Financial lifted its position in shares of International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC lifted its position in shares of International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock worth $1,133,000 after buying an additional 36 shares during the last quarter. Blue Edge Capital LLC grew its position in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after acquiring an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock worth $356,000 after acquiring an additional 39 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 2.0%

NYSE IBM opened at $287.57 on Thursday. The firm has a market capitalization of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. 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 business's 50-day moving average price is $263.92 and its two-hundred day moving average price is $262.56. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines's payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Morgan Stanley boosted their price objective on International Business Machines from $253.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price objective 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. Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $289.08.

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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