Triton Financial Group Inc Purchases New Shares in International Business Machines Corporation $IBM

Key Points

• Triton Financial Group Inc acquired a new stake in International Business Machines Corporation (IBM), purchasing 7,665 shares valued at approximately $2,259,000, making it the company's 17th largest position.
• Recently, several other institutional investors, including Lifestyle Asset Management Inc. and Whelan Financial, have also adjusted their positions in IBM, contributing to a total institutional ownership of about 58.96%.
• IBM's stock has received mixed ratings from analysts, with one currently rated as a Strong Buy, and others predominantly giving a Hold rating, while the average target price is set at $286.38.

Triton Financial Group Inc purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,665 shares of the technology company's stock, valued at approximately $2,259,000. International Business Machines comprises about 1.6% of Triton Financial Group Inc's investment portfolio, making the stock its 17th biggest position.

A number of other large investors also recently bought and sold shares of the company. Lifestyle Asset Management Inc. raised its position in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial raised its position in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC raised its position in International Business Machines by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock worth $1,133,000 after buying an additional 36 shares during the last quarter. Blue Edge Capital LLC raised its position in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC raised its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock worth $356,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBM. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a report on Wednesday, October 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $315.00 price target on shares of International Business Machines in a report on Thursday, October 16th. Finally, Wall Street Zen downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $286.38.

International Business Machines Price Performance

Shares of NYSE IBM opened at $283.64 on Tuesday. The stock has a market cap of $263.61 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04. The company's 50-day moving average price is $262.02 and its 200 day moving average price is $262.25. 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 (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations 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 revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a 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%.

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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