Henrickson Nauta Wealth Advisors Inc. Invests $216,000 in International Business Machines Corporation $IBM

Henrickson Nauta Wealth Advisors Inc. bought a new position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, Holdings Channel reports. The fund bought 733 shares of the technology company’s stock, valued at approximately $216,000.

Several other large investors have also recently made changes to their positions in IBM. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth about $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter worth about $31,000. Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc grew its position in International Business Machines by 41.5% in the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Bank of America dropped their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Hold” and a consensus target price of $270.67.

International Business Machines Stock Performance

Shares of IBM stock opened at $256.29 on Tuesday. The business’s fifty day simple moving average is $256.87 and its 200-day simple moving average is $256.99. The company has a market cap of $238.20 billion, a PE ratio of 41.61, a PEG ratio of 3.90 and a beta of 0.71. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16.

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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared 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. 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 2.6%. International Business Machines’s dividend payout ratio is presently 109.09%.

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.