Secured Retirement Advisors LLC Has $2.37 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• Secured Retirement Advisors LLC increased its stake in International Business Machines Corporation (IBM) by 46% in Q2, making the company the firm's 13th biggest position, valued at approximately $2.37 million.
• IBM reported earnings per share of $2.80 for the latest quarter, exceeding estimates and demonstrating a 7.7% year-over-year revenue growth to $16.98 billion.
• Analysts project a consensus target price of $284.62 for IBM, with ratings ranging from "Strong Buy" to "Sell" across different brokerages.

Secured Retirement Advisors LLC boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 46.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,034 shares of the technology company's stock after purchasing an additional 2,531 shares during the period. International Business Machines comprises approximately 1.4% of Secured Retirement Advisors LLC's investment portfolio, making the stock its 13th biggest position. Secured Retirement Advisors LLC's holdings in International Business Machines were worth $2,368,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. REAP Financial Group LLC increased its stake in shares of International Business Machines by 47.0% in the second quarter. REAP Financial Group LLC now owns 604 shares of the technology company's stock valued at $178,000 after buying an additional 193 shares during the period. Sax Wealth Advisors LLC increased its position in International Business Machines by 4.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 5,755 shares of the technology company's stock valued at $1,696,000 after purchasing an additional 222 shares during the period. DMC Group LLC increased its position in shares of International Business Machines by 2.5% during the second quarter. DMC Group LLC now owns 3,606 shares of the technology company's stock worth $1,063,000 after buying an additional 89 shares during the period. Independent Solutions Wealth Management LLC grew its holdings in International Business Machines by 4.5% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 10,842 shares of the technology company's stock worth $3,178,000 after acquiring an additional 468 shares during the period. Finally, Shell Asset Management Co. grew its stake in International Business Machines by 73.5% during the second quarter. Shell Asset Management Co. now owns 28,506 shares of the technology company's stock worth $8,403,000 after purchasing an additional 12,074 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

IBM opened at $293.84 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $273.10 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 4.46 and a beta of 0.73. The firm's fifty day moving average price is $256.34 and its two-hundred day moving average price is $259.93. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the company earned $2.43 earnings per share. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines's payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IBM. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target 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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