International Business Machines Corporation $IBM Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 20.9% in the 2nd quarter, Holdings Channel reports. The fund owned 70,066 shares of the technology company’s stock after purchasing an additional 12,114 shares during the period. Wealthspire Advisors LLC’s holdings in International Business Machines were worth $20,654,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IBM. Brighton Jones LLC grew its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares in the last quarter. GW&K Investment Management LLC lifted its position in International Business Machines by 17.9% in the 1st quarter. GW&K Investment Management LLC now owns 1,276 shares of the technology company’s stock valued at $317,000 after purchasing an additional 194 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 68.5% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 214 shares of the technology company’s stock valued at $53,000 after purchasing an additional 87 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in International Business Machines by 7.7% during the 1st quarter. Crestwood Advisors Group LLC now owns 24,637 shares of the technology company’s stock valued at $6,126,000 after purchasing an additional 1,772 shares during the period. Finally, Obermeyer Wealth Partners grew its position in International Business Machines by 58.2% in the 1st quarter. Obermeyer Wealth Partners now owns 2,408 shares of the technology company’s stock worth $599,000 after purchasing an additional 886 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Stifel Nicolaus decreased their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

Shares of NYSE IBM opened at $290.24 on Wednesday. International Business Machines Corporation has a twelve month low of $206.19 and a twelve month high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average of $287.37 and a two-hundred day moving average of $272.51. The company has a market capitalization of $271.29 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. 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 fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 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.