Modern Wealth Management LLC Raises Position in International Business Machines Corporation $IBM

Key Points

• Modern Wealth Management LLC increased its stake in IBM by 17.8% during the first quarter, owning 17,477 shares valued at approximately $4.35 million.
• IBM's quarterly earnings surpassed analyst estimates, reporting $2.80 EPS compared to a consensus of $2.65, and achieved a revenue of $16.98 billion, up 7.7% from the previous year.
• The company recently declared a quarterly dividend of $1.68 per share, resulting in a 2.7% yield, with a payout ratio of 109.09%.

Modern Wealth Management LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,477 shares of the technology company's stock after purchasing an additional 2,640 shares during the quarter. Modern Wealth Management LLC's holdings in International Business Machines were worth $4,346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new stake in International Business Machines in the first quarter worth about $31,000. Silicon Valley Capital Partners boosted its holdings 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 valued at $32,000 after acquiring an additional 100 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

IBM stock opened at $253.46 on Friday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The firm has a market cap of $235.56 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. 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 firm has a 50-day simple moving average of $257.59 and a two-hundred day simple moving average of $256.93.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm earned $2.43 EPS. The company'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 analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Bank of America lowered 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $270.67.

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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