Avity Investment Management Inc. Grows Position in International Business Machines Corporation $IBM

Avity Investment Management Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 5.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,645 shares of the technology company’s stock after buying an additional 200 shares during the quarter. Avity Investment Management Inc.’s holdings in International Business Machines were worth $1,074,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Adamsbrown Wealth Consultants LLC purchased a new position in shares of International Business Machines in the second quarter worth $256,000. Atwood & Palmer Inc. increased its position in International Business Machines by 1.2% in the second quarter. Atwood & Palmer Inc. now owns 4,200 shares of the technology company’s stock worth $1,238,000 after purchasing an additional 51 shares during the last quarter. Richard P Slaughter Associates Inc bought a new stake in International Business Machines in the second quarter worth $215,000. Canandaigua National Trust Co of Florida bought a new stake in International Business Machines in the second quarter worth $254,000. Finally, RMR Wealth Builders increased its position in International Business Machines by 20.3% in the second quarter. RMR Wealth Builders now owns 10,046 shares of the technology company’s stock worth $2,961,000 after purchasing an additional 1,694 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 1.4%

IBM stock opened at $253.46 on Monday. The firm’s fifty day simple moving average is $257.59 and its two-hundred day simple moving average is $256.96. 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 stock has a market capitalization of $235.57 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16.

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBM. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. The Goldman Sachs Group boosted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $270.67.

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.