International Business Machines Corporation $IBM Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 14.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,375 shares of the technology company’s stock after buying an additional 5,696 shares during the quarter. SteelPeak Wealth LLC’s holdings in International Business Machines were worth $13,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new position in International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners grew its stake in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBM. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Royal Bank Of Canada lifted their price objective 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. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Performance

Shares of IBM opened at $289.70 on Tuesday. The company has a market capitalization of $269.25 billion, a price-to-earnings ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. 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 stock has a 50 day moving average price of $255.71 and a 200 day moving average price of $259.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s payout ratio is 109.09%.

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.