International Assets Investment Management LLC Has $2.98 Million Holdings in International Business Machines Corporation $IBM

International Assets Investment Management LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.2% during the second quarter, HoldingsChannel.com reports. The firm owned 10,123 shares of the technology company’s stock after acquiring an additional 499 shares during the quarter. International Assets Investment Management LLC’s holdings in International Business Machines were worth $2,984,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners increased its stake in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $286.38.

International Business Machines Price Performance

Shares of IBM opened at $280.95 on Friday. The stock has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The company has a 50 day moving average of $261.07 and a 200-day moving average of $261.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last issued 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. The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

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.