Ashton Thomas Securities LLC Buys 390 Shares of International Business Machines Corporation $IBM

Ashton Thomas Securities LLC boosted its position in International Business Machines Corporation (NYSE:IBM) by 9.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,561 shares of the technology company’s stock after purchasing an additional 390 shares during the quarter. Ashton Thomas Securities LLC’s holdings in International Business Machines were worth $1,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter worth $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at $31,000. Silicon Valley Capital Partners boosted its position in shares of 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 purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC grew its stake in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group raised their price target 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. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average price target of $284.62.

International Business Machines Trading Up 0.2%

NYSE IBM opened at $287.05 on Friday. The company has a fifty day moving average of $254.60 and a 200 day moving average of $258.93. The company has a market capitalization of $266.78 billion, a PE ratio of 46.60, a P/E/G ratio of 4.41 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

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

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 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.