M3 Advisory Group LLC Raises Stake in International Business Machines Corporation $IBM

M3 Advisory Group LLC raised its stake in International Business Machines Corporation (NYSE:IBM) by 7.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 880 shares of the technology company’s stock after buying an additional 61 shares during the period. M3 Advisory Group LLC’s holdings in International Business Machines were worth $259,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. Royal Bank Of Canada increased their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $278.09 on Monday. The business has a 50-day moving average of $258.19 and a 200 day moving average of $260.78. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The stock has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period last year, the business posted $2.43 EPS. International Business Machines’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. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 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.