Opal Wealth Advisors LLC Raises Holdings in International Business Machines Corporation $IBM

Opal Wealth Advisors LLC grew its position in International Business Machines Corporation (NYSE:IBM) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,606 shares of the technology company’s stock after buying an additional 584 shares during the quarter. Opal Wealth Advisors LLC’s holdings in International Business Machines were worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the 1st quarter worth $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter worth $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the 1st quarter worth $31,000. Silicon Valley Capital Partners raised its position in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc raised its position in shares of International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after acquiring an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $271.87 on Tuesday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. 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 cap of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71. The stock has a 50 day moving average price of $254.58 and a 200 day moving average price of $257.38.

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

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analyst Ratings Changes

Several research analysts recently issued reports on IBM shares. Royal Bank Of Canada upped their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. BMO Capital Markets upped their target price on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Stifel Nicolaus increased their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines has a consensus rating of “Hold” and a consensus price target of $275.00.

About International Business Machines

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.