Ring Mountain Capital LLC Boosts Stock Holdings in International Business Machines Corporation $IBM

Ring Mountain Capital LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 15.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,296 shares of the technology company’s stock after buying an additional 177 shares during the period. Ring Mountain Capital LLC’s holdings in International Business Machines were worth $370,000 at the end of the most recent reporting period.

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

International Business Machines Trading Down 1.4%

NYSE IBM opened at $300.42 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market capitalization of $280.81 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company’s 50-day simple moving average is $275.62 and its two-hundred day simple moving average is $267.76. International Business Machines Corporation has a one year low of $204.07 and a one year high of $319.35.

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

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

IBM has been the subject of several analyst reports. Bank of America raised their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group raised their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One 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 assigned a Sell rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.