1,382 Shares in International Business Machines Corporation $IBM Bought by IronOak Wealth LLC.

Key Points

• IronOak Wealth LLC recently acquired a stake in International Business Machines Corporation (IBM), purchasing 1,382 shares valued at approximately $407,000 in the 2nd quarter.
• Analyst ratings for IBM are mixed, with one strong buy, seven buys, nine holds, and one sell; the consensus price target is $275.00.
• IBM reported earnings of $2.80 per share for the last quarter, exceeding expectations and showcasing a 7.7% revenue increase compared to the previous year.

IronOak Wealth LLC. purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,382 shares of the technology company's stock, valued at approximately $407,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in International Business Machines by 6.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after purchasing an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of International Business Machines by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after purchasing an additional 52,317 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in International Business Machines by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after buying an additional 24,790 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 2.1%

Shares of NYSE:IBM traded up $5.47 during mid-day trading on Monday, hitting $271.87. The stock had a trading volume of 5,024,599 shares, compared to its average volume of 4,128,385. The company's 50 day moving average is $254.58 and its 200-day moving average is $257.38. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market cap of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 net margin of 9.11% and a return on equity of 37.62%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IBM shares. Bank of America reduced their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. 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. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They set a "market perform" rating and a $280.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, International Business Machines has a consensus rating of "Hold" and an average target price of $275.00.

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.