Nordwand Advisors LLC Boosts Stake in International Business Machines Corporation $IBM

Nordwand Advisors LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 197.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,044 shares of the technology company’s stock after purchasing an additional 3,350 shares during the period. Nordwand Advisors LLC’s holdings in International Business Machines were worth $1,487,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its stake in International Business Machines by 12.4% during the fourth 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 during the period. Twin Capital Management Inc. boosted its stake in shares of International Business Machines by 142.8% in the first quarter. Twin Capital Management Inc. now owns 8,050 shares of the technology company’s stock valued at $2,002,000 after purchasing an additional 4,735 shares during the period. WNY Asset Management LLC grew its holdings in shares of International Business Machines by 6.6% in the first quarter. WNY Asset Management LLC now owns 1,946 shares of the technology company’s stock valued at $484,000 after purchasing an additional 121 shares in the last quarter. West Wealth Group LLC purchased a new stake in International Business Machines during the 1st quarter worth approximately $279,000. Finally, Millstone Evans Group LLC lifted its holdings in International Business Machines by 1.3% during the 1st quarter. Millstone Evans Group LLC now owns 6,229 shares of the technology company’s stock worth $1,549,000 after buying an additional 79 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 2.7%

International Business Machines stock opened at $297.34 on Tuesday. The stock has a market cap of $277.94 billion, a PE ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock’s fifty day moving average is $286.75 and its two-hundred day moving average is $272.19. International Business Machines Corporation has a 1-year low of $205.37 and a 1-year high of $324.90.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. 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 80.38%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Bank of America upped their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.00.

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.