Ranch Capital Advisors Inc. Purchases 389 Shares of International Business Machines Corporation $IBM

Ranch Capital Advisors Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,336 shares of the technology company’s stock after buying an additional 389 shares during the quarter. International Business Machines comprises approximately 1.8% of Ranch Capital Advisors Inc.’s holdings, making the stock its 12th largest holding. Ranch Capital Advisors Inc.’s holdings in International Business Machines were worth $4,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Sage Mountain Advisors LLC lifted its position in International Business Machines by 8.8% in the second quarter. Sage Mountain Advisors LLC now owns 7,639 shares of the technology company’s stock worth $2,252,000 after buying an additional 618 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in International Business Machines by 1.0% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,505,254 shares of the technology company’s stock worth $738,499,000 after buying an additional 24,734 shares during the last quarter. First Business Financial Services Inc. increased its stake in International Business Machines by 105.1% in the second quarter. First Business Financial Services Inc. now owns 2,113 shares of the technology company’s stock worth $623,000 after purchasing an additional 1,083 shares during the period. Jackson Hole Capital Partners LLC increased its stake in International Business Machines by 0.8% in the second quarter. Jackson Hole Capital Partners LLC now owns 24,311 shares of the technology company’s stock worth $7,167,000 after purchasing an additional 201 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in International Business Machines by 45,200.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 453 shares of the technology company’s stock worth $134,000 after purchasing an additional 452 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $307.78 on Friday. The firm has a market cap of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $310.75. The stock’s fifty day moving average price is $266.21 and its 200-day moving average price is $263.57.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the firm earned $2.30 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is 80.38%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday. Wall Street Zen lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Finally, Morgan Stanley reduced their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $288.00.

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.