International Business Machines Corporation $IBM Shares Purchased by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 10.1% in the second quarter, HoldingsChannel reports. The firm owned 2,232 shares of the technology company’s stock after buying an additional 204 shares during the quarter. Affinity Capital Advisors LLC’s holdings in International Business Machines were worth $658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Lifestyle Asset Management Inc. grew its holdings in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC lifted its stake in International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after acquiring an additional 39 shares during the last quarter. Tacita Capital Inc lifted its stake in International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 40 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after acquiring an additional 42 shares during the last quarter. Finally, DMC Group LLC lifted its stake in International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company’s stock worth $875,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $257.45 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market capitalization of $239.27 billion, a P/E ratio of 41.79, a P/E/G ratio of 3.95 and a beta of 0.71. The company’s fifty day moving average is $256.20 and its two-hundred day moving average is $256.99. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on IBM shares. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Sanford C. Bernstein started coverage on shares of International Business Machines in a research note on Monday. They issued a “market perform” rating and a $280.00 price target for the company. 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. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $275.00.

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.