Parkwoods Wealth Partners LLC Invests $352,000 in International Business Machines Corporation $IBM

Parkwoods Wealth Partners LLC acquired a new position in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,195 shares of the technology company’s stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. bought a new stake in International Business Machines in the 1st quarter valued at about $31,000. Silicon Valley Capital Partners increased its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its stake in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $275.00.

International Business Machines Trading Up 0.9%

NYSE:IBM opened at $282.19 on Wednesday. The company has a market cap of $262.27 billion, a P/E ratio of 45.81, a P/E/G ratio of 4.31 and a beta of 0.71. The stock’s fifty day moving average price is $253.98 and its two-hundred day moving average price is $258.50. International Business Machines Corporation has a 1 year low of $203.51 and a 1 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.

International Business Machines (NYSE:IBM) last posted its 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend yield of 2.4%. International Business Machines’s dividend payout ratio is currently 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.