Madison Wealth Partners Inc Buys New Position in International Business Machines Corporation $IBM

Madison Wealth Partners Inc bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 798 shares of the technology company’s stock, valued at approximately $235,000.

Several other institutional investors also recently modified their holdings of IBM. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. bought a new stake in International Business Machines in the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of several research analyst reports. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Finally, Bank of America decreased their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $286.38.

International Business Machines Stock Up 1.8%

Shares of NYSE:IBM opened at $280.95 on Monday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The business’s 50 day simple moving average is $261.07 and its two-hundred day simple 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 firm has a market cap of $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the firm earned $2.43 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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