Fairvoy Private Wealth LLC Has $4.89 Million Stock Holdings in International Business Machines Corporation $IBM

Fairvoy Private Wealth LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,600 shares of the technology company’s stock after purchasing an additional 231 shares during the period. International Business Machines makes up about 1.2% of Fairvoy Private Wealth LLC’s holdings, making the stock its 22nd biggest position. Fairvoy Private Wealth LLC’s holdings in International Business Machines were worth $4,893,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines during the first quarter worth approximately $396,000. Brooklyn Investment Group grew its stake in International Business Machines by 32.7% during the first 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 during the period. Edgar Lomax Co. VA grew its stake in International Business Machines by 5.7% during the first 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 during the period. Left Brain Wealth Management LLC grew its stake in International Business Machines by 1,547.8% during the first 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 during the period. Finally, Alpha Cubed Investments LLC grew its stake in International Business Machines by 47.0% during the first 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 during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.7%

IBM stock opened at $288.62 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average is $255.18 and its 200-day moving average is $259.22. The firm has a market capitalization of $268.25 billion, a PE ratio of 46.85, a P/E/G ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBM. 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 increased their price target 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. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $284.62.

About International Business Machines

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.