Barry Investment Advisors LLC Buys New Shares in International Business Machines Corporation $IBM

Barry Investment Advisors LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, HoldingsChannel.com reports. The fund purchased 999 shares of the technology company’s stock, valued at approximately $294,000.

A number of other large investors have also recently made changes to their positions in IBM. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% during the 4th 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 period. Versant Capital Management Inc raised its stake in shares of International Business Machines by 60.7% during the 1st quarter. Versant Capital Management Inc now owns 1,032 shares of the technology company’s stock worth $257,000 after acquiring an additional 390 shares in the last quarter. Legacy Private Trust Co. increased its stake in International Business Machines by 44.1% during the 1st quarter. Legacy Private Trust Co. now owns 4,425 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 1,355 shares in the last quarter. AdvisorNet Financial Inc increased its stake in International Business Machines by 3.5% during the 1st quarter. AdvisorNet Financial Inc now owns 6,399 shares of the technology company’s stock valued at $1,591,000 after purchasing an additional 218 shares in the last quarter. Finally, Doliver Advisors LP increased its stake in shares of International Business Machines by 27.4% in the first quarter. Doliver Advisors LP now owns 1,201 shares of the technology company’s stock worth $299,000 after acquiring an additional 258 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.2%

NYSE IBM opened at $284.72 on Friday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The firm has a 50 day simple moving average of $254.07 and a 200-day simple moving average of $258.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 4.38 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company 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 firm earned $2.43 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBM. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a 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. The Goldman Sachs Group raised their price objective 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. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average price target of $275.00.

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.