Syverson Strege & Co Boosts Stock Position in International Business Machines Corporation $IBM

Syverson Strege & Co grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 118.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,999 shares of the technology company’s stock after purchasing an additional 2,706 shares during the quarter. Syverson Strege & Co’s holdings in International Business Machines were worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Rede Wealth LLC purchased a new stake in International Business Machines in the second quarter worth approximately $219,000. Great Lakes Retirement Inc. raised its stake in shares of International Business Machines by 3.5% during the second quarter. Great Lakes Retirement Inc. now owns 11,740 shares of the technology company’s stock worth $3,461,000 after acquiring an additional 393 shares in the last quarter. Leeward Financial Partners LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $245,000. AlphaStar Capital Management LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $6,662,000. Finally, Bridgewealth Advisory Group LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at $334,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IBM. UBS Group boosted their price target on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Bank of America lifted their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Jefferies Financial Group boosted their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $307.24 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average price of $273.16 and a 200-day moving average price of $266.48. The company has a market cap of $287.19 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $319.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

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.