Voisard Asset Management Group Inc. Invests $247,000 in International Business Machines Corporation $IBM

Voisard Asset Management Group Inc. acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, Holdings Channel.com reports. The fund acquired 837 shares of the technology company’s stock, valued at approximately $247,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. bought a new stake in International Business Machines in the 1st quarter worth approximately $31,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc boosted its stake in International Business Machines by 41.5% in the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after buying an additional 49 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research note on Monday. They set a “market perform” rating and a $280.00 price target on the stock. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus upped their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $275.00.

International Business Machines Trading Up 2.3%

Shares of IBM opened at $265.09 on Friday. The stock has a market capitalization of $246.38 billion, a P/E ratio of 43.03, a PEG ratio of 3.99 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a fifty day simple moving average of $255.14 and a two-hundred day simple moving average of $257.11.

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

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 annualized dividend and a yield of 2.5%. 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.