Bill Few Associates Inc. Has $4.98 Million Holdings in International Business Machines Corporation $IBM

Bill Few Associates Inc. boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 9.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,908 shares of the technology company’s stock after acquiring an additional 1,483 shares during the quarter. International Business Machines accounts for approximately 1.4% of Bill Few Associates Inc.’s portfolio, making the stock its 18th largest position. Bill Few Associates Inc.’s holdings in International Business Machines were worth $4,984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IBM. Brighton Jones LLC increased its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. GAMMA Investing LLC grew its position in shares of International Business Machines by 19.3% in the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after purchasing an additional 2,862 shares during the last quarter. Tritonpoint Wealth LLC grew its position in shares of International Business Machines by 8.3% in the first quarter. Tritonpoint Wealth LLC now owns 2,269 shares of the technology company’s stock valued at $564,000 after purchasing an additional 173 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of International Business Machines by 27.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,158,366 shares of the technology company’s stock valued at $288,039,000 after purchasing an additional 250,283 shares during the last quarter. Finally, Missouri Trust & Investment Co grew its position in shares of International Business Machines by 3.1% in the first quarter. Missouri Trust & Investment Co now owns 4,342 shares of the technology company’s stock valued at $1,080,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 3.5%

Shares of NYSE:IBM opened at $278.09 on Monday. The company has a market capitalization of $258.45 billion, a P/E ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. 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 business’s 50 day simple moving average is $258.19 and its 200 day simple moving average is $260.78.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. UBS Group upped their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Finally, BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. One equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $284.62.

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.