Integrity Alliance LLC. Invests $1.30 Million in International Business Machines Corporation $IBM

Key Points

• Integrity Alliance LLC invested approximately $1.30 million in shares of International Business Machines Corporation (IBM), acquiring 5,232 shares during the first quarter.
• IBM reported earnings of $2.80 per share in its latest quarter, exceeding analysts' expectations of $2.65, alongside a revenue of $16.98 billion, which is a 7.7% increase year-over-year.
• The company recently declared a quarterly dividend of $1.68 per share, which leads to an annualized dividend yield of 2.6%, although it maintains a high dividend payout ratio of 109.09%.

Integrity Alliance LLC. acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,232 shares of the technology company's stock, valued at approximately $1,301,000.

Several other large investors also recently modified their holdings of IBM. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the first quarter worth $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter worth $31,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of International Business Machines during the fourth quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.1%

International Business Machines stock opened at $257.01 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The firm has a market capitalization of $238.87 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. The firm's fifty day moving average price is $258.35 and its two-hundred day moving average price is $256.95. 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 released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the firm earned $2.43 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. 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 dividend payout ratio (DPR) is 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. UBS Group increased their target price 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. Finally, Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $270.67.

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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