Lutz Financial Services LLC Acquires New Shares in International Business Machines Corporation $IBM

Lutz Financial Services LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 714 shares of the technology company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 price objective on shares of International Business Machines in a report on Thursday. Finally, Bank of America dropped their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $286.38.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $280.95 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm’s 50-day simple moving average is $261.07 and its 200-day simple moving average is $261.65. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The firm has a market cap of $261.12 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 4.24 and a beta of 0.73.

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

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given 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 was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

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.