GoalVest Advisory LLC Raises Position in International Business Machines Corporation $IBM

GoalVest Advisory LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 35.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343 shares of the technology company’s stock after purchasing an additional 90 shares during the quarter. GoalVest Advisory LLC’s holdings in International Business Machines were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new position in shares of International Business Machines in the first quarter valued at about $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines in the first quarter valued at about $960,386,000. Vanguard Group Inc. increased its position in shares of International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of International Business Machines by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after acquiring an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after acquiring an additional 889,008 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 8.0%

Shares of IBM opened at $307.78 on Monday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $310.75. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The firm’s 50-day moving average price is $266.21 and its 200-day moving average price is $264.07. The firm has a market capitalization of $287.69 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. International Business Machines’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

A number of research firms have issued reports on IBM. Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday. Jefferies Financial Group lifted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada cut their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.