Moran Wealth Management LLC Increases Holdings in International Business Machines Corporation $IBM

Key Points

• Moran Wealth Management LLC increased its stake in International Business Machines Corporation (IBM) by 5.6%, now holding 20,597 shares valued at approximately $6.07 million.
• IBM reported a strong quarterly earnings of $2.80 EPS, surpassing analysts' estimates of $2.65, with a 7.7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.68, marking an annualized yield of 2.4% despite a high dividend payout ratio of 109.09%.

Moran Wealth Management LLC lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,597 shares of the technology company's stock after purchasing an additional 1,096 shares during the period. Moran Wealth Management LLC's holdings in International Business Machines were worth $6,072,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Family CFO Inc purchased a new stake in shares of International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter worth $28,000. Highline Wealth Partners LLC lifted its holdings in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the period. Finally, Dagco Inc. purchased a new stake in International Business Machines during the first quarter worth $31,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $276.12 on Wednesday. The business's fifty day simple moving average is $259.20 and its 200-day simple moving average is $261.11. The company has a market cap of $256.63 billion, a PE ratio of 44.83, a PEG ratio of 4.27 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. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results 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 return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the firm posted $2.43 earnings per share. The business's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of analysts have weighed in on IBM shares. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. BMO Capital Markets upped their target price 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. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. UBS Group upped their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus upped their target price on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of "Hold" and a consensus 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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