Financial Security Advisor Inc. Grows Position in International Business Machines Corporation $IBM

Financial Security Advisor Inc. raised its holdings in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,416 shares of the technology company’s stock after acquiring an additional 83 shares during the period. Financial Security Advisor Inc.’s holdings in International Business Machines were worth $712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. increased its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares in the last quarter. Whelan Financial grew its holdings in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after purchasing an additional 36 shares during the period. Ignite Planners LLC grew its holdings in shares of International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares during the period. Blue Edge Capital LLC grew its holdings in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its position in International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday. The Goldman Sachs Group increased their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.62.

View Our Latest Stock Analysis on IBM

International Business Machines Price Performance

Shares of NYSE IBM opened at $288.14 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. 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 stock has a fifty day moving average price of $257.62 and a 200 day moving average price of $260.41. The company has a market cap of $267.80 billion, a PE ratio of 46.78, a P/E/G ratio of 4.46 and a beta of 0.73.

International Business Machines (NYSE:IBMGet Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS 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 during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the company earned $2.43 earnings per share. International Business Machines’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. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

About International Business Machines

(Free Report)

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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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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