Ellis Investment Partners LLC Has $501,000 Position in International Business Machines Corporation $IBM

Ellis Investment Partners LLC reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,700 shares of the technology company’s stock after selling 44 shares during the quarter. Ellis Investment Partners LLC’s holdings in International Business Machines were worth $501,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Wedbush boosted their price objective on 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $284.62.

International Business Machines Trading Down 3.5%

NYSE IBM opened at $278.09 on Monday. The stock has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 4.28 and a beta of 0.73. The stock’s 50 day moving average price is $258.19 and its two-hundred day moving average price is $260.78. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $301.04.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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 paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s 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.