Watchman Group Inc. Makes New $201,000 Investment in International Business Machines Corporation $IBM

Watchman Group Inc. bought a new position in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 683 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. GW&K Investment Management LLC increased its holdings in International Business Machines by 17.9% in the 1st quarter. GW&K Investment Management LLC now owns 1,276 shares of the technology company’s stock worth $317,000 after buying an additional 194 shares in the last quarter. Efficient Advisors LLC purchased a new position in International Business Machines in the 1st quarter worth about $230,000. Madison Asset Management LLC bought a new position in International Business Machines during the 1st quarter valued at about $264,000. Finally, Roundview Capital LLC boosted its holdings in shares of International Business Machines by 2.3% during the 1st quarter. Roundview Capital LLC now owns 2,388 shares of the technology company’s stock valued at $594,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $291.08.

International Business Machines Trading Up 0.7%

Shares of International Business Machines stock opened at $290.62 on Friday. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The company’s fifty day simple moving average is $288.67 and its 200-day simple moving average is $272.75. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $271.66 billion, a PE ratio of 34.76, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm 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 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed 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 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

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.