Simplicity Wealth LLC Buys 11,325 Shares of International Business Machines Corporation $IBM

Key Points

• Simplicity Wealth LLC has increased its stake in IBM by 556.0%, acquiring an additional 11,325 shares, bringing its total holdings to 13,362 shares valued at approximately $3.94 million.
• Analysts have recently upgraded IBM's ratings, with Melius Research issuing a "strong-buy" rating and Goldman Sachs raising its price target to $310.00.
• IBM's latest quarterly earnings report showed a 7.7% increase in revenue year-over-year, posting $2.80 EPS, surpassing analyst expectations, and the company declared a $1.68 quarterly dividend.

Simplicity Wealth LLC increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 556.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,362 shares of the technology company's stock after purchasing an additional 11,325 shares during the quarter. Simplicity Wealth LLC's holdings in International Business Machines were worth $3,939,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter valued at about $28,000. Highline Wealth Partners LLC raised 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 valued at $33,000 after acquiring an additional 51 shares during the period. Finally, Dagco Inc. bought a new stake in International Business Machines during the first quarter valued at about $31,000. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on IBM. UBS Group raised their price target on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada raised their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $284.62.

International Business Machines Trading Up 0.7%

Shares of International Business Machines stock opened at $288.62 on Friday. The firm has a market cap of $268.25 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73. The business has a 50-day moving average price of $255.18 and a 200-day moving average price of $259.27. 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 $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

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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