McAdam LLC Has $858,000 Stock Holdings in International Business Machines Corporation $IBM

McAdam LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,911 shares of the technology company’s stock after acquiring an additional 339 shares during the quarter. McAdam LLC’s holdings in International Business Machines were worth $858,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Spectrum Planning & Advisory Services Inc. acquired a new position in shares of International Business Machines during the second quarter worth $284,000. Affinity Wealth Management LLC bought a new position in International Business Machines during the 2nd quarter worth $226,000. Missouri Trust & Investment Co lifted its holdings in International Business Machines by 2.6% during the 2nd quarter. Missouri Trust & Investment Co now owns 4,457 shares of the technology company’s stock worth $1,314,000 after buying an additional 115 shares during the period. Legacy Solutions LLC bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $241,000. Finally, Wealth Effects LLC grew its position in shares of International Business Machines by 8.4% in the 2nd quarter. Wealth Effects LLC now owns 12,677 shares of the technology company’s stock valued at $3,737,000 after buying an additional 985 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IBM shares. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their target price 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. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Bank of America reduced their price objective 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. Finally, Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus price target of $275.00.

International Business Machines Trading Up 5.3%

Shares of International Business Machines stock opened at $281.76 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a 50 day moving average price of $254.09 and a two-hundred day moving average price of $257.72. The stock has a market capitalization of $261.86 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 4.12 and a beta of 0.71.

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, beating 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 firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. 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 fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio is presently 109.09%.

International Business Machines Company 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.