Strategic Advocates LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Strategic Advocates LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 6.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,976 shares of the technology company’s stock after purchasing an additional 127 shares during the period. Strategic Advocates LLC’s holdings in International Business Machines were worth $582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Henrickson Nauta Wealth Advisors Inc. purchased a new stake in shares of International Business Machines in the second quarter worth approximately $216,000. First National Corp MA ADV raised its holdings in shares of International Business Machines by 11.1% in the second quarter. First National Corp MA ADV now owns 3,529 shares of the technology company’s stock worth $1,040,000 after buying an additional 352 shares during the period. Trinity Legacy Partners LLC purchased a new stake in shares of International Business Machines in the second quarter worth approximately $203,000. Northstar Advisory Group LLC raised its holdings in shares of International Business Machines by 28.8% in the second quarter. Northstar Advisory Group LLC now owns 3,290 shares of the technology company’s stock worth $970,000 after buying an additional 735 shares during the period. Finally, Next Level Private LLC grew its stake in International Business Machines by 1.3% in the second quarter. Next Level Private LLC now owns 21,951 shares of the technology company’s stock worth $6,471,000 after purchasing an additional 274 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Bank of America dropped their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday. They issued a “market perform” rating on the stock. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $270.67.

International Business Machines Price Performance

NYSE:IBM opened at $256.29 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a market capitalization of $238.20 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71. The stock’s 50-day moving average price is $256.87 and its 200-day moving average price is $256.99.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the previous year, the firm posted $2.43 EPS. International Business Machines’s 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, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s 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.