Johnson Bixby & Associates LLC Increases Stock Holdings in International Business Machines Corporation $IBM

Johnson Bixby & Associates LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,208 shares of the technology company’s stock after acquiring an additional 39 shares during the quarter. Johnson Bixby & Associates LLC’s holdings in International Business Machines were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBM. Lifestyle Asset Management Inc. increased its holdings in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the period. Blue Edge Capital LLC lifted its stake in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 39 shares during the period. Tacita Capital Inc grew its holdings in International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 40 shares during the period. Vestia Personal Wealth Advisors increased its holdings in shares of International Business Machines by 3.1% during the second quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock worth $396,000 after buying an additional 40 shares in the last quarter. Finally, Global Financial Private Client LLC increased its stake in International Business Machines by 0.4% in the 2nd quarter. Global Financial Private Client LLC now owns 10,548 shares of the technology company’s stock valued at $3,109,000 after buying an additional 41 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IBM shares. Royal Bank Of Canada increased their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Finally, Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $275.00.

International Business Machines Stock Up 1.2%

Shares of IBM stock opened at $284.72 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The firm has a market cap of $264.62 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The stock has a 50 day moving average of $254.07 and a 200-day moving average of $258.03.

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

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. 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 dividend payout ratio is presently 109.09%.

International Business Machines 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.