International Business Machines Corporation $IBM Shares Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its holdings in IBM by 5.7%, owning 189,838 shares valued at approximately $55.96 million as of its latest SEC filing.
• IBM reported a quarterly EPS of $2.80, exceeding analyst expectations of $2.65, while revenues reached $16.98 billion for the quarter, up 7.7% year-over-year.
• The company recently announced a quarterly dividend of $1.68, leading to an annualized dividend of $6.72, representing a yield of 2.4%.

Sequoia Financial Advisors LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 189,838 shares of the technology company's stock after purchasing an additional 10,213 shares during the quarter. Sequoia Financial Advisors LLC's holdings in International Business Machines were worth $55,960,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family CFO Inc acquired a new stake in International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners increased its position in 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

International Business Machines stock opened at $278.09 on Monday. The stock has a market cap of $258.45 billion, a P/E ratio of 45.14, a price-to-earnings-growth ratio of 4.28 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 stock has a 50 day moving average of $258.19 and a 200-day moving average of $260.78. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $2.43 earnings per share. 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 fiscal year.

International Business Machines Dividend Announcement

The business also recently announced 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 yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 report on Wednesday, July 2nd. BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Stifel Nicolaus upped their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average target price of $284.62.

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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