International Business Machines Corporation $IBM Position Boosted by Forbes J M & Co. LLP

Forbes J M & Co. LLP lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 69,696 shares of the technology company’s stock after buying an additional 86 shares during the quarter. International Business Machines accounts for about 1.9% of Forbes J M & Co. LLP’s holdings, making the stock its 13th biggest holding. Forbes J M & Co. LLP’s holdings in International Business Machines were worth $20,545,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. GQG Partners LLC bought a new position in shares of International Business Machines during the first quarter worth about $1,040,057,000. Nuveen LLC bought a new position in shares of International Business Machines during the first quarter worth about $960,386,000. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $282.19 on Wednesday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. 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 firm has a market capitalization of $262.27 billion, a PE ratio of 45.81, a P/E/G ratio of 4.31 and a beta of 0.71. The company’s 50 day simple moving average is $253.98 and its 200 day simple moving average is $258.50.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating 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 business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the business earned $2.43 earnings per share. The business’s revenue for the quarter 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 research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IBM. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. 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. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada raised their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $275.00.

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.