Jackson Wealth Management LLC Acquires Shares of 2,264 International Business Machines Corporation $IBM

Jackson Wealth Management LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,264 shares of the technology company’s stock, valued at approximately $667,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Fermata Advisors LLC purchased a new position in International Business Machines in the 1st quarter valued at $204,000. Retirement Planning Group LLC lifted its holdings in International Business Machines by 5.2% in the 1st quarter. Retirement Planning Group LLC now owns 3,698 shares of the technology company’s stock valued at $919,000 after purchasing an additional 183 shares in the last quarter. Foster Group Inc. raised its holdings in shares of International Business Machines by 17.9% during the 1st quarter. Foster Group Inc. now owns 2,387 shares of the technology company’s stock worth $593,000 after acquiring an additional 362 shares during the period. Finally, Generali Investments Management Co LLC raised its holdings in shares of International Business Machines by 73.6% during the 1st quarter. Generali Investments Management Co LLC now owns 5,567 shares of the technology company’s stock worth $1,384,000 after acquiring an additional 2,360 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBM. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Up 0.7%

Shares of NYSE:IBM opened at $288.62 on Friday. The company has a market capitalization of $268.25 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 4.41 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The business has a 50-day moving average price of $255.18 and a 200 day moving average price of $259.22. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio 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.