International Business Machines Corporation $IBM Stock Holdings Raised by Drive Wealth Management LLC

Drive Wealth Management LLC raised its stake in International Business Machines Corporation (NYSE:IBM) by 16.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,392 shares of the technology company’s stock after purchasing an additional 330 shares during the period. Drive Wealth Management LLC’s holdings in International Business Machines were worth $705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IBM. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. GAMMA Investing LLC boosted its holdings in shares of International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after buying an additional 2,862 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in shares of International Business Machines by 4.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 1,739 shares of the technology company’s stock valued at $432,000 after buying an additional 72 shares during the period. Appleton Partners Inc. MA boosted its holdings in shares of International Business Machines by 27.5% in the 1st quarter. Appleton Partners Inc. MA now owns 3,505 shares of the technology company’s stock valued at $872,000 after buying an additional 756 shares during the period. Finally, Aspire Private Capital LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at about $205,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 1.8%

IBM stock opened at $280.95 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm’s 50-day moving average is $261.07 and its two-hundred day moving average is $261.86. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04. The company has a market capitalization of $261.12 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the firm earned $2.43 EPS. The business’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. On average, analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $286.38.

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.