Wealthfront Advisers LLC Raises Stock Position in International Business Machines Corporation $IBM

Wealthfront Advisers LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,255 shares of the technology company’s stock after purchasing an additional 7,226 shares during the quarter. Wealthfront Advisers LLC’s holdings in International Business Machines were worth $38,102,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Lifestyle Asset Management Inc. increased its position in shares of International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares during the period. Whelan Financial increased its holdings in International Business Machines by 2.4% during the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares during the period. Ignite Planners LLC raised its position in International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC raised its position in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC boosted its stake in shares of International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IBM shares. BMO Capital Markets raised their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group raised their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Stock Performance

NYSE IBM opened at $307.78 on Friday. The company has a fifty day moving average of $266.21 and a two-hundred day moving average of $263.87. The company has a market capitalization of $286.05 billion, a PE ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $310.75. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company 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 $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

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.