International Business Machines Corporation $IBM is SGL Investment Advisors Inc.’s 3rd Largest Position

SGL Investment Advisors Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,465 shares of the technology company’s stock after buying an additional 42 shares during the period. International Business Machines makes up 3.4% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. SGL Investment Advisors Inc.’s holdings in International Business Machines were worth $7,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of International Business Machines by 9.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 4,487 shares of the technology company’s stock valued at $1,116,000 after purchasing an additional 398 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of International Business Machines by 4.3% in the first quarter. Miracle Mile Advisors LLC now owns 3,889 shares of the technology company’s stock valued at $967,000 after purchasing an additional 159 shares during the period. OLD National Bancorp IN boosted its holdings in International Business Machines by 0.5% during the first quarter. OLD National Bancorp IN now owns 12,972 shares of the technology company’s stock worth $3,226,000 after buying an additional 69 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in International Business Machines by 19.3% during the first quarter. Park Avenue Securities LLC now owns 23,895 shares of the technology company’s stock worth $5,942,000 after buying an additional 3,871 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Bank of America decreased their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $284.62.

International Business Machines Trading Up 0.5%

Shares of IBM opened at $289.70 on Tuesday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a market capitalization of $269.25 billion, a PE ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. The stock has a fifty day moving average of $255.71 and a two-hundred day moving average of $259.70. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last released 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same period last year, the company earned $2.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced 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 was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

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.