Cantor Fitzgerald Investment Advisors L.P. Has $11.65 Million Holdings in International Business Machines Corporation $IBM

Cantor Fitzgerald Investment Advisors L.P. decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,506 shares of the technology company’s stock after selling 95 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in International Business Machines were worth $11,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Lifestyle Asset Management Inc. boosted its position in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares during the period. Blue Edge Capital LLC boosted its holdings in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares during the period. Johnson Bixby & Associates LLC grew its stake in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after purchasing an additional 39 shares during the last quarter. Tacita Capital Inc increased its holdings in International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 40 shares during the period. Finally, Vestia Personal Wealth Advisors raised its position in International Business Machines by 3.1% during the 2nd quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock valued at $396,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.5%

Shares of NYSE IBM opened at $286.46 on Thursday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a 50-day moving average of $254.07 and a 200 day moving average of $258.70. The stock has a market cap of $266.23 billion, a P/E ratio of 46.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted 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. Stifel Nicolaus boosted their price objective 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. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Hold” and an average price target of $279.29.

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.