Fortis Capital Advisors LLC Purchases 148 Shares of International Business Machines Corporation $IBM

Fortis Capital Advisors LLC increased its position in International Business Machines Corporation (NYSE:IBM) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,016 shares of the technology company’s stock after purchasing an additional 148 shares during the quarter. Fortis Capital Advisors LLC’s holdings in International Business Machines were worth $594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $288.62 on Friday. The company’s 50 day moving average price is $255.18 and its two-hundred day moving average price is $259.27. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The firm has a market cap of $268.25 billion, a PE ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IBM shares. BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned 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 target price 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.