Clear Point Advisors Inc. Increases Holdings in International Business Machines Corporation $IBM

Clear Point Advisors Inc. lifted its position in shares of International Business Machines Corporation (NYSE:IBM) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933 shares of the technology company’s stock after acquiring an additional 45 shares during the quarter. Clear Point Advisors Inc.’s holdings in International Business Machines were worth $275,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Uncommon Cents Investing LLC raised its position in shares of International Business Machines by 0.6% during the 2nd quarter. Uncommon Cents Investing LLC now owns 9,235 shares of the technology company’s stock worth $2,722,000 after purchasing an additional 57 shares during the last quarter. BayBridge Capital Group LLC increased its holdings in shares of International Business Machines by 3.0% during the 2nd quarter. BayBridge Capital Group LLC now owns 5,284 shares of the technology company’s stock worth $1,558,000 after buying an additional 154 shares during the last quarter. Johnson Bixby & Associates LLC increased its holdings in International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares in the last quarter. KWB Wealth increased its holdings in International Business Machines by 2.3% in the 2nd quarter. KWB Wealth now owns 2,394 shares of the technology company’s stock valued at $706,000 after purchasing an additional 53 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its holdings in International Business Machines by 6.8% in the 2nd quarter. Sage Rhino Capital LLC now owns 956 shares of the technology company’s stock valued at $282,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM opened at $284.72 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $264.62 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The business has a 50 day moving average price of $254.07 and a two-hundred day moving average price of $258.03.

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

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. BMO Capital Markets increased 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. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada increased 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. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, Bank of America cut their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.