Quent Capital LLC Has $1.63 Million Stock Holdings in International Business Machines Corporation $IBM

Quent Capital LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 34.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,526 shares of the technology company’s stock after purchasing an additional 1,417 shares during the quarter. Quent Capital LLC’s holdings in International Business Machines were worth $1,629,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IBM. Brighton Jones LLC lifted its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Fermata Advisors LLC acquired a new position in shares of International Business Machines during the first quarter valued at $204,000. Retirement Planning Group LLC lifted its stake in shares of International Business Machines by 5.2% during the first quarter. Retirement Planning Group LLC now owns 3,698 shares of the technology company’s stock valued at $919,000 after acquiring an additional 183 shares during the period. Foster Group Inc. increased its holdings in International Business Machines by 17.9% in the first quarter. Foster Group Inc. now owns 2,387 shares of the technology company’s stock valued at $593,000 after purchasing an additional 362 shares during the last quarter. Finally, Generali Investments Management Co LLC increased its holdings in International Business Machines by 73.6% in the first quarter. Generali Investments Management Co LLC now owns 5,567 shares of the technology company’s stock valued at $1,384,000 after purchasing an additional 2,360 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.7%

Shares of International Business Machines stock opened at $288.62 on Friday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The business has a 50-day moving average of $255.18 and a two-hundred day moving average of $259.22. The company has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.41 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 quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $16.58 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The company’s revenue for the quarter 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, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBM. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Bank of America dropped their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $284.62.

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.