International Business Machines Corporation $IBM Shares Purchased by Howard Financial Services LTD.

Howard Financial Services LTD. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 13.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,049 shares of the technology company’s stock after purchasing an additional 596 shares during the quarter. Howard Financial Services LTD.’s holdings in International Business Machines were worth $1,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBM. GAMMA Investing LLC increased its holdings in shares of International Business Machines by 29,564.2% in the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock valued at $10,940,520,000 after purchasing an additional 4,384,958 shares during the last quarter. GQG Partners LLC purchased a new position in International Business Machines in the first quarter worth approximately $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines in the first quarter worth approximately $960,386,000. Vanguard Group Inc. grew its position in International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after acquiring an additional 1,298,515 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in International Business Machines by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and an average target price of $270.67.

International Business Machines Trading Down 1.4%

IBM opened at $253.46 on Friday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The business has a fifty day simple moving average of $257.59 and a 200-day simple moving average of $256.93. The firm has a market cap of $235.56 billion, a P/E ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

International Business Machines 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.