Pure Financial Advisors LLC Boosts Holdings in International Business Machines Corporation $IBM

Pure Financial Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 23.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,865 shares of the technology company’s stock after purchasing an additional 1,108 shares during the quarter. Pure Financial Advisors LLC’s holdings in International Business Machines were worth $1,729,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Apella Capital LLC boosted its stake in shares of International Business Machines by 33.2% during the 1st quarter. Apella Capital LLC now owns 6,592 shares of the technology company’s stock worth $1,551,000 after acquiring an additional 1,644 shares in the last quarter. Nixon Peabody Trust Co. purchased a new stake in shares of International Business Machines during the 1st quarter worth about $256,000. Matrix Trust Co boosted its stake in shares of International Business Machines by 23.7% during the 1st quarter. Matrix Trust Co now owns 1,968 shares of the technology company’s stock worth $489,000 after acquiring an additional 377 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth about $224,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.2%

IBM opened at $287.05 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a 50-day moving average price of $254.60 and a 200 day moving average price of $258.93. The company has a market cap of $266.78 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 4.41 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 earnings per share 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 analyst estimates of $16.58 billion. During the same period last year, the company posted $2.43 EPS. The business’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analyst Ratings Changes

IBM has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of 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. UBS Group increased their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Wedbush increased their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.62.

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.