Whelan Financial Purchases 36 Shares of International Business Machines Corporation $IBM

Whelan Financial grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,525 shares of the technology company’s stock after purchasing an additional 36 shares during the quarter. Whelan Financial’s holdings in International Business Machines were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Family CFO Inc acquired a new position in shares of International Business Machines in the second quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter valued at $28,000. Highline Wealth Partners LLC grew its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after acquiring an additional 51 shares during the period. Finally, Dagco Inc. bought a new stake in shares of International Business Machines during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $287.05 on Friday. The firm has a market cap of $266.78 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. The stock has a fifty day simple moving average of $254.60 and a two-hundred day simple moving average of $258.93. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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 business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s payout ratio is 109.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IBM. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets boosted 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 note on Friday, July 18th. Wedbush boosted 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 report on Friday, June 20th. Finally, Royal Bank Of Canada raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.62.

About International Business Machines

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.