Elm Partners Management LLC Takes Position in International Business Machines Corporation $IBM

Elm Partners Management LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, HoldingsChannel.com reports. The fund acquired 9,460 shares of the technology company’s stock, valued at approximately $2,789,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBM. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Bank of America boosted their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. UBS Group boosted their price target on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 0.9%

IBM stock opened at $307.24 on Friday. The firm has a fifty day moving average price of $273.16 and a 200 day moving average price of $266.66. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $319.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $287.19 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period last year, the firm posted $2.30 earnings per share. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.