Wolff Wiese Magana LLC Purchases 1,805 Shares of International Business Machines Corporation $IBM

Key Points

• Wolff Wiese Magana LLC increased its holdings in International Business Machines (IBM) by 395.8% during the second quarter, purchasing an additional 1,805 shares for a total value of $666,000.
• Several analysts have raised their price targets for IBM, with notable increases from Wedbush ($300 to $325) and Goldman Sachs ($270 to $310), indicating strong market interest.
• IBM reported a quarterly EPS of $2.80, exceeding analyst expectations and reflecting a year-over-year revenue increase of 7.7% to $16.98 billion.

Wolff Wiese Magana LLC increased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 395.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,261 shares of the technology company's stock after purchasing an additional 1,805 shares during the period. Wolff Wiese Magana LLC's holdings in International Business Machines were worth $666,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC bought a new position in shares of International Business Machines in the 1st quarter worth $396,000. Brooklyn Investment Group lifted its holdings in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA lifted its holdings in shares of International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC lifted its holdings in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on IBM shares. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus raised their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. One 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 company's stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average price target of $275.00.

International Business Machines Trading Up 1.2%

NYSE IBM opened at $284.72 on Monday. The stock has a market capitalization of $264.62 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. 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 business's fifty day moving average is $254.07 and its 200-day moving average is $258.11.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $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 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued 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 2.4%. International Business Machines's dividend payout ratio (DPR) 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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