International Business Machines Corporation $IBM Shares Acquired by Strs Ohio

Strs Ohio grew its holdings in International Business Machines Corporation (NYSE:IBM) by 9.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 234,102 shares of the technology company’s stock after buying an additional 20,710 shares during the quarter. Strs Ohio’s holdings in International Business Machines were worth $69,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBM. Lifestyle Asset Management Inc. grew its holdings in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the period. Whelan Financial grew its holdings in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after purchasing an additional 36 shares during the period. Ignite Planners LLC grew its holdings in shares of International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares during the period. Blue Edge Capital LLC grew its holdings in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC grew its holdings in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $308.17 on Thursday. The firm has a market capitalization of $288.05 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 4.39 and a beta of 0.73. The business’s fifty day moving average price is $270.43 and its 200 day moving average price is $265.70. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $319.35.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Stifel Nicolaus lowered their price objective on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein started coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Finally, Royal Bank Of Canada lowered their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $288.00.

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.