Cetera Investment Advisers Has $98.95 Million Stock Holdings in International Business Machines Corporation $IBM

Cetera Investment Advisers lifted its stake in International Business Machines Corporation (NYSE:IBM) by 9.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335,689 shares of the technology company’s stock after purchasing an additional 29,090 shares during the quarter. Cetera Investment Advisers’ holdings in International Business Machines were worth $98,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IBM. Brooklyn Investment Group lifted its position 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 worth $1,647,000 after buying an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA increased its stake in shares of 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 during the last quarter. Vise Technologies Inc. acquired a new position in shares of International Business Machines in the second quarter worth $16,565,000. Wedbush Securities Inc. raised its holdings in shares of International Business Machines by 5.6% during 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. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new stake in International Business Machines during the first quarter valued at $4,608,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.2%

Shares of International Business Machines stock opened at $305.35 on Friday. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average price of $285.92 and a two-hundred day moving average price of $271.35. The stock has a market capitalization of $285.42 billion, a P/E ratio of 36.53, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued 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 business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given 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 currently 80.38%.

Analysts Set New Price Targets

IBM has been the topic of several research reports. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Stifel Nicolaus decreased their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.