Insight Wealth Partners LLC Purchases New Position in International Business Machines Corporation $IBM

Insight Wealth Partners LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 690 shares of the technology company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family CFO Inc purchased a new stake in shares of International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its position 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 valued at $32,000 after buying 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 Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. BMO Capital Markets boosted their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Finally, Morgan Stanley lowered their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $307.78 on Friday. The stock’s fifty day moving average is $266.21 and its two-hundred day moving average is $263.57. The firm has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a price-to-earnings-growth ratio of 4.35 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.87 and a current ratio of 0.93. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $310.75.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

International Business Machines Company 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.