IFP Advisors Inc Has $12.17 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• IFP Advisors increased its IBM holdings by 30.6% in the second quarter to 43,273 shares valued at $12.17 million. Institutional investors collectively own 58.96% of IBM’s outstanding stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $265.40, although several firms recently reduced targets or downgraded their ratings.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue rose 1.1% year over year to $17.16 billion. The company also declared a $1.69 quarterly dividend, equivalent to a 2.8% annualized yield.

IFP Advisors Inc lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 30.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,273 shares of the technology company's stock after purchasing an additional 10,130 shares during the period. IFP Advisors Inc's holdings in International Business Machines were worth $12,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IBM. Interchange Capital Partners LLC lifted its stake in International Business Machines by 19.5% in the second quarter. Interchange Capital Partners LLC now owns 4,730 shares of the technology company's stock valued at $1,330,000 after buying an additional 772 shares during the period. Guyasuta Investment Advisors Inc. grew its position in shares of International Business Machines by 2.3% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 47,200 shares of the technology company's stock worth $13,273,000 after buying an additional 1,052 shares during the period. Owl Creek Wealth Partners LLC increased its stake in shares of International Business Machines by 26.3% in the 2nd quarter. Owl Creek Wealth Partners LLC now owns 673 shares of the technology company's stock valued at $189,000 after acquiring an additional 140 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of International Business Machines by 6.6% during the 2nd quarter. Merit Financial Group LLC now owns 55,170 shares of the technology company's stock valued at $15,514,000 after acquiring an additional 3,416 shares during the period. Finally, Kavar Capital Partners Group LLC boosted its stake in International Business Machines by 2.0% during the second quarter. Kavar Capital Partners Group LLC now owns 24,223 shares of the technology company's stock worth $6,812,000 after acquiring an additional 477 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IBM. KeyCorp lowered shares of International Business Machines to a "sector weight" rating in a report on Tuesday, June 23rd. Robert W. Baird initiated coverage on International Business Machines in a research note on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price target on the stock. Wolfe Research lowered International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Stifel Nicolaus lowered their target price on International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Finally, Barclays cut their target price on International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $265.40.

Key Headlines Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM successfully connected and cooled two modular cryogenic systems to below 15 millikelvin, creating an architecture intended to link hundreds of quantum chips. The milestone supports IBM’s roadmap toward a 1,000-qubit system by 2027 and the planned fault-tolerant Quantum Starling system in 2029. IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• Positive Sentiment: The quantum advance is being viewed as a meaningful engineering step toward fault-tolerant computing, helping support IBM’s differentiated position in quantum technology and contributing to the upward movement in IBM shares. IBM Clears Major Hardware Hurdle on the Path to Its Quantum Supercomputer
• Positive Sentiment: IBM’s Maximo government software-as-a-service product received FedRAMP Moderate authorization, potentially expanding its addressable U.S. government market. Separate commissioned research also reported that Maximo users show higher maintenance maturity than industry peers, supporting the product’s enterprise value proposition. IBM Secures FedRAMP Moderate Authorization For Maximo Government SaaS
• Neutral Sentiment: Arrow Electronics expanded its IBM distribution coverage, which could improve channel reach and support sales growth, but the announcement provided no immediate financial targets. Arrow Electronics Expands IBM Distribution Coverage to Support Channel Growth
• Negative Sentiment: A law firm announced a securities-fraud investigation related to IBM’s prior stock decline. The notice is not an allegation finding or formal determination of wrongdoing, but it adds headline and potential litigation risk. IBM Investor Reminder Securities Fraud Investigation

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $237.31 on Thursday. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average price of $248.73 and a 200-day moving average price of $251.49. The company has a market cap of $223.57 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The company had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.International Business Machines's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.8%. International Business Machines's dividend payout ratio is presently 59.98%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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