Armstrong Fleming & Moore Inc Takes Position in International Business Machines Corporation $IBM

Armstrong Fleming & Moore Inc bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 5,358 shares of the technology company’s stock, valued at approximately $1,579,000. International Business Machines comprises approximately 0.9% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 21st largest position.

Other hedge funds also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines during the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC grew its stake in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new position in International Business Machines during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group lifted their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One equities research 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’s stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Down 1.6%

NYSE:IBM opened at $289.31 on Thursday. The firm has a market capitalization of $268.88 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.73. The stock has a 50 day moving average of $256.92 and a 200-day moving average of $260.14. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the company posted $2.43 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict 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. Shareholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

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.