International Business Machines Corporation $IBM Shares Bought by ForthRight Wealth Management LLC

Key Points

• ForthRight Wealth Management LLC increased its stake in IBM by 147.0% during the second quarter, owning 2,102 shares valued at approximately $620,000.
• IBM recently saw several institutional investors enter or adjust their positions, indicating strong interest, with institutional ownership now at 58.96%.
• JPMorgan, Stifel Nicolaus, and Goldman Sachs have recently raised their price targets on IBM shares, with current consensus at $286.38 and multiple ratings from "Buy" to "Hold."

ForthRight Wealth Management LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 147.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102 shares of the technology company's stock after acquiring an additional 1,251 shares during the period. ForthRight Wealth Management LLC's holdings in International Business Machines were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IBM. Family CFO Inc purchased a new stake in shares of International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines in the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One 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 company presently has a consensus rating of "Hold" and a consensus target price of $286.38.

International Business Machines Stock Up 1.7%

IBM stock opened at $280.97 on Thursday. The company's 50 day simple moving average is $259.77 and its 200-day simple moving average is $261.25. The firm has a market capitalization of $261.13 billion, a PE ratio of 45.61, a P/E/G ratio of 4.25 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. 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 released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 earnings per share. 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 fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's dividend payout ratio is currently 109.09%.

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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