Herbst Group LLC Takes Position in International Business Machines Corporation $IBM

Key Points

• Herbst Group LLC has acquired a new position in International Business Machines Corporation (IBM), purchasing 2,403 shares valued at approximately $708,000 during the second quarter.
• Analysts have varying ratings for IBM's stock, with the consensus rating being "Hold" and a price target of $275.00, while some firms have set considerably higher targets, including a "buy" rating from Bank of America at $310.00.
• IBM recently reported earnings of $2.80 EPS, surpassing estimates, and declared a quarterly dividend of $1.68, translating to a 2.5% yield.

Herbst Group LLC 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 2,403 shares of the technology company's stock, valued at approximately $708,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter valued at $28,000. Dagco Inc. acquired a new stake in International Business Machines in the 1st quarter valued at $31,000. Silicon Valley Capital Partners boosted its stake in shares of International Business Machines by 322.6% during the 1st 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 last quarter. Finally, Compass Financial Services Inc grew its holdings 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 valued at $42,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. Bank of America decreased their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $275.00.

International Business Machines Price Performance

NYSE:IBM opened at $267.77 on Thursday. The company has a market cap of $248.87 billion, a P/E ratio of 43.47, a P/E/G ratio of 4.19 and a beta of 0.71. The firm's fifty day moving average price is $254.10 and its two-hundred day moving average price is $257.55. International Business Machines Corporation has a one year low of $203.51 and a one 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 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. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is 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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