Spectrum Planning & Advisory Services Inc. Invests $284,000 in International Business Machines Corporation $IBM

Key Points

• Spectrum Planning & Advisory Services Inc. has invested approximately $284,000 in International Business Machines Corporation (IBM), acquiring 964 shares during the second quarter.
• Several institutional investors, including Brighton Jones LLC and Park Square Financial Group LLC, have also increased their stakes or made new investments in IBM, contributing to a total institutional ownership of 58.96%.
• Wall Street analysts have shown a positive outlook for IBM, with several upgrades and a consensus rating of "Hold" alongside a target price of $275.00.

Spectrum Planning & Advisory Services Inc. acquired a new position in International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 964 shares of the technology company's stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. Brighton Jones LLC boosted its stake in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in International Business Machines during the fourth quarter worth $248,000. Park Square Financial Group LLC acquired a new stake in International Business Machines during the fourth quarter worth $43,000. Wood Tarver Financial Group LLC acquired a new stake in International Business Machines during the fourth quarter worth $76,000. Finally, IronOak Wealth LLC. acquired a new stake in International Business Machines during the fourth quarter worth $235,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 target price on the stock. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $275.00.

International Business Machines Stock Down 1.6%

Shares of NYSE:IBM opened at $267.77 on Thursday. The company's fifty day moving average is $254.10 and its 200-day moving average is $257.55. The company has a market capitalization of $248.87 billion, a PE ratio of 43.47, a P/E/G ratio of 4.19 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. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16.

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 the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share 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 dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.5%. International Business Machines's dividend payout ratio is 109.09%.

International Business Machines Company 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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