3Chopt Investment Partners LLC Increases Stock Position in International Business Machines Corporation $IBM

3Chopt Investment Partners LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,929 shares of the technology company’s stock after buying an additional 69 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in International Business Machines were worth $863,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IBM. Brighton Jones LLC grew its stake in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. GAMMA Investing LLC boosted its holdings in International Business Machines by 19.3% during the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after acquiring an additional 2,862 shares during the period. Integrated Advisors Network LLC boosted its holdings in International Business Machines by 2.3% during the 1st quarter. Integrated Advisors Network LLC now owns 9,186 shares of the technology company’s stock valued at $2,284,000 after acquiring an additional 203 shares during the period. USA Financial Formulas acquired a new stake in shares of International Business Machines during the first quarter worth about $227,000. Finally, Zhang Financial LLC lifted its position in shares of International Business Machines by 5.7% during the first quarter. Zhang Financial LLC now owns 19,109 shares of the technology company’s stock worth $4,751,000 after purchasing an additional 1,032 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.5%

International Business Machines stock opened at $288.14 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market cap of $267.80 billion, a PE ratio of 46.78, a P/E/G ratio of 4.46 and a beta of 0.73. The stock’s fifty day moving average is $257.62 and its two-hundred day moving average is $260.41.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for 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%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed 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 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBM shares. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $284.62.

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.