Gutierrez Wealth Advisory LLC Acquires 127 Shares of International Business Machines Corporation $IBM

Gutierrez Wealth Advisory LLC increased its position in International Business Machines Corporation (NYSE:IBM) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,191 shares of the technology company’s stock after purchasing an additional 127 shares during the quarter. Gutierrez Wealth Advisory LLC’s holdings in International Business Machines were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBM. GQG Partners LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $960,386,000. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of International Business Machines by 41.6% in the 1st 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 purchasing an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after purchasing 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 Stock Up 0.7%

IBM stock opened at $288.62 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The business has a fifty day moving average price of $255.18 and a 200-day moving average price of $259.27. 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 market capitalization of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the business earned $2.43 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a dividend yield of 2.3%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Ratings Changes

Several research firms have commented on IBM. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Bank of America dropped their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $284.62.

International Business Machines 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.