Journey Advisory Group LLC Buys 1,954 Shares of International Business Machines Corporation $IBM

Key Points

• Journey Advisory Group LLC increased its stake in International Business Machines Corporation (IBM) by 24.3%, purchasing an additional 1,954 shares for a total of approximately $2.95 million.
• Analysts have a mixed outlook on IBM, with one analyst rating it as a Strong Buy, seven as Buy, and eight as Hold, while the consensus target price is $286.38.
• IBM's recent earnings showed a 7.7% year-over-year revenue increase to $16.98 billion, surpassing analyst expectations, while the company maintains a quarterly dividend yield of 2.4%.

Journey Advisory Group LLC increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 24.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,989 shares of the technology company's stock after purchasing an additional 1,954 shares during the period. Journey Advisory Group LLC's holdings in International Business Machines were worth $2,945,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IBM. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased its position in shares of International Business Machines by 322.6% in the 1st 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 in the last quarter. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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. Bank of America reduced their price objective on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $286.38.

International Business Machines Stock Up 1.8%

International Business Machines stock opened at $280.95 on Monday. The stock has a market cap of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company's 50-day moving average price is $261.07 and its two-hundred day moving average price is $261.86.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company 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 business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

About International Business Machines

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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