Fiduciary Financial Group LLC Grows Stock Position in International Business Machines Corporation $IBM

Fiduciary Financial Group LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,093 shares of the technology company’s stock after buying an additional 117 shares during the period. Fiduciary Financial Group LLC’s holdings in International Business Machines were worth $609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Helen Stephens Group LLC purchased a new position in shares of International Business Machines in the second quarter valued at $242,000. Howard Financial Services LTD. boosted its stake in International Business Machines by 13.4% during the second quarter. Howard Financial Services LTD. now owns 5,049 shares of the technology company’s stock valued at $1,488,000 after buying an additional 596 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in International Business Machines by 10.2% in the second quarter. Neville Rodie & Shaw Inc. now owns 59,818 shares of the technology company’s stock worth $17,634,000 after buying an additional 5,513 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in International Business Machines by 4.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,300 shares of the technology company’s stock worth $1,857,000 after purchasing an additional 271 shares during the period. Finally, Private Client Services LLC purchased a new stake in International Business Machines in the 2nd quarter worth about $286,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.4%

Shares of NYSE IBM opened at $253.46 on Friday. The stock has a market capitalization of $235.56 billion, a P/E ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. 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 firm’s 50 day simple moving average is $257.59 and its two-hundred day simple moving average is $256.93. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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 $1.68 dividend. 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 2.7%. International Business Machines’s dividend payout ratio is 109.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Finally, Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned 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 $270.67.

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.