TFG Advisers LLC Boosts Holdings in International Business Machines Corporation $IBM

TFG Advisers LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,401 shares of the technology company’s stock after buying an additional 316 shares during the period. International Business Machines comprises about 1.3% of TFG Advisers LLC’s holdings, making the stock its 14th biggest position. TFG Advisers LLC’s holdings in International Business Machines were worth $3,656,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GQG Partners LLC bought a new stake in International Business Machines during the first quarter valued at approximately $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines during the 1st quarter valued at $960,386,000. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after purchasing an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $286.46 on Thursday. 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 business’s 50 day moving average price is $254.07 and its 200 day moving average price is $258.70. The firm has a market cap of $266.23 billion, a P/E ratio of 46.50, a P/E/G ratio of 4.34 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 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 business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the firm posted $2.43 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $279.29.

About International Business Machines

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.