SS&H Financial Advisors Inc. Has $7.43 Million Stake in International Business Machines Corporation $IBM

SS&H Financial Advisors Inc. lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,215 shares of the technology company’s stock after acquiring an additional 400 shares during the period. International Business Machines makes up 2.5% of SS&H Financial Advisors Inc.’s holdings, making the stock its 9th biggest holding. SS&H Financial Advisors Inc.’s holdings in International Business Machines were worth $7,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Dagco Inc. bought a new stake in International Business Machines during the 1st quarter worth approximately $31,000. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IBM. Royal Bank Of Canada decreased their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Morgan Stanley reduced their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Bank of America upped their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. BMO Capital Markets upped their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Stock Down 0.9%

International Business Machines stock opened at $307.24 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $319.35. The firm has a 50 day moving average price of $273.16 and a 200-day moving average price of $266.66. The company has a market capitalization of $287.19 billion, a P/E ratio of 36.75, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. The company’s revenue was up 9.1% 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

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.