Tectonic Advisors LLC Buys 235 Shares of International Business Machines Corporation $IBM

Tectonic Advisors LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 49,585 shares of the technology company’s stock after purchasing an additional 235 shares during the period. International Business Machines accounts for about 0.8% of Tectonic Advisors LLC’s portfolio, making the stock its 18th largest position. Tectonic Advisors LLC’s holdings in International Business Machines were worth $14,617,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the 1st quarter worth approximately $28,000. Highline Wealth Partners LLC boosted its stake in International Business Machines by 85.0% in 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. acquired a new stake in International Business Machines during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. The Goldman Sachs Group boosted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Finally, Bank of America cut their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $289.31 on Thursday. The firm has a market capitalization of $268.88 billion, a P/E ratio of 46.97, a P/E/G ratio of 4.52 and a beta of 0.73. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm’s 50 day moving average is $256.92 and its two-hundred day moving average is $260.14.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared 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 annualized dividend 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 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.