Foundation Wealth Management LLC Takes $234,000 Position in International Business Machines Corporation $IBM

Foundation Wealth Management LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 793 shares of the technology company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the second quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines in the first quarter worth $31,000. Finally, Silicon Valley Capital Partners lifted its position in International Business Machines by 322.6% during 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 during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, UBS Group raised their price target 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 equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $284.62.

International Business Machines Stock Up 0.5%

NYSE:IBM opened at $289.70 on Tuesday. The stock has a market cap of $269.25 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 4.44 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a 50-day moving average price of $255.71 and a two-hundred day moving average price of $259.70. 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 issued 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 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%.International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio is presently 109.09%.

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.