Relyea Zuckerberg Hanson LLC Increases Position in International Business Machines Corporation $IBM

Relyea Zuckerberg Hanson LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 34.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,019 shares of the technology company’s stock after acquiring an additional 774 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in International Business Machines were worth $890,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC bought a new stake in International Business Machines in the first quarter worth about $396,000. Brooklyn Investment Group raised its holdings in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after purchasing an additional 1,630 shares during the period. Edgar Lomax Co. VA lifted its stake in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC grew its holdings in International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC increased its position in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after buying an additional 2,399 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $284.62.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $288.62 on Monday. The company has a 50 day moving average of $255.18 and a 200 day moving average of $259.38. 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 stock has a market cap of $268.25 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM) last posted its 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. The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 EPS. 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 EPS 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 was Friday, August 8th. International Business Machines’s dividend payout ratio is currently 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.