International Business Machines Corporation $IBM Shares Bought by Forbes J M & Co. LLP

Forbes J M & Co. LLP grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,696 shares of the technology company’s stock after purchasing an additional 86 shares during the period. International Business Machines makes up about 1.9% of Forbes J M & Co. LLP’s holdings, making the stock its 13th biggest position. Forbes J M & Co. LLP’s holdings in International Business Machines were worth $20,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $396,000. Brooklyn Investment Group boosted its stake in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after acquiring an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA boosted its stake in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC boosted its stake in shares of International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in shares of International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $282.19 on Wednesday. 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 has a 50-day moving average of $253.98 and a two-hundred day moving average of $258.50. The stock has a market cap of $262.27 billion, a P/E ratio of 45.81, a PEG ratio of 4.31 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IBM shares. Bank of America decreased their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $275.00.

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.