International Business Machines Corporation $IBM Stake Boosted by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,150 shares of the technology company’s stock after acquiring an additional 1,027 shares during the period. International Business Machines accounts for 1.4% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 9th biggest holding. First Horizon Advisors Inc.’s holdings in International Business Machines were worth $55,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Trillium Asset Management LLC boosted its holdings in International Business Machines by 3.4% in the second quarter. Trillium Asset Management LLC now owns 2,511 shares of the technology company’s stock worth $740,000 after purchasing an additional 82 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $217,000. TKG Advisors LLC grew its holdings in shares of International Business Machines by 112.5% during the 2nd quarter. TKG Advisors LLC now owns 26,162 shares of the technology company’s stock worth $7,712,000 after purchasing an additional 13,852 shares in the last quarter. Simmons Bank grew its holdings in shares of International Business Machines by 1.5% during the 2nd quarter. Simmons Bank now owns 13,426 shares of the technology company’s stock worth $3,958,000 after purchasing an additional 194 shares in the last quarter. Finally, Arrowroot Family Office LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $538,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IBM shares. Jefferies Financial Group raised their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. UBS Group raised their price target on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. BMO Capital Markets raised their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

Shares of IBM stock opened at $300.42 on Wednesday. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $319.35. The stock has a market cap of $280.81 billion, a PE ratio of 35.94, a PEG ratio of 4.33 and a beta of 0.73. 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’s 50 day moving average price is $275.62 and its two-hundred day moving average price is $267.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the firm earned $2.30 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

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.