Connors Investor Services Inc. Has $256,000 Stock Holdings in International Business Machines Corporation $IBM

Connors Investor Services Inc. lessened its stake in International Business Machines Corporation (NYSE:IBM) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 867 shares of the technology company’s stock after selling 146 shares during the quarter. Connors Investor Services Inc.’s holdings in International Business Machines were worth $256,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after buying an additional 1,630 shares during the period. Edgar Lomax Co. VA grew its position in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC grew its position in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Alpha Cubed Investments LLC grew its position in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Wedbush Securities Inc. grew its position in International Business Machines by 5.6% in the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after acquiring an additional 3,276 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $315.00 target price on shares of International Business Machines in a research report on Thursday, October 16th. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $289.46.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $287.57 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The firm has a fifty day moving average price of $263.92 and a two-hundred day moving average price of $262.56. The company has a market cap of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. The business’s revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) 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.