815 Shares in International Business Machines Corporation $IBM Purchased by Life Planning Partners Inc

Life Planning Partners Inc bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 815 shares of the technology company’s stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of IBM. Family CFO Inc purchased a new position in shares of International Business Machines in the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $288.62 on Friday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The business has a 50 day moving average price of $255.18 and a two-hundred day moving average price of $259.22. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the firm earned $2.43 EPS. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBM shares. BMO Capital Markets increased their target price on 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. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Finally, Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.