WJ Wealth Management LLC Takes $877,000 Position in International Business Machines Corporation $IBM

Key Points

• WJ Wealth Management LLC has acquired a new stake in International Business Machines Corporation (IBM), purchasing 2,974 shares valued at approximately $877,000.
• Several institutional investors have significantly increased their holdings in IBM, including GQG Partners LLC and Goldman Sachs, highlighting strong institutional interest in the company.
• International Business Machines recently reported earnings per share of $2.80 for the quarter, surpassing expectations and indicating growth with a revenue increase of 7.7% year-over-year.

WJ Wealth Management LLC acquired 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 Securities and Exchange Commission. The firm acquired 2,974 shares of the technology company's stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. GQG Partners LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at about $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at about $960,386,000. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after buying an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $280.97 on Thursday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a 50 day moving average of $259.77 and a two-hundred day moving average of $261.25. The stock has a market cap of $261.13 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.25 and a beta of 0.73.

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. 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 during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current 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 issued a dividend of $1.68 per share. 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 currently 109.09%.

Analysts Set New Price Targets

A number of analysts have weighed in on IBM shares. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, 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 report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target of $286.38.

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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