Moran Wealth Management LLC Boosts Holdings in International Business Machines Corporation $IBM

Moran Wealth Management LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 5.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,597 shares of the technology company’s stock after acquiring an additional 1,096 shares during the period. Moran Wealth Management LLC’s holdings in International Business Machines were worth $6,072,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new stake in International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the first quarter valued at $28,000. Dagco Inc. purchased a new stake in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners boosted its holdings 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 valued at $32,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 0.4%

Shares of International Business Machines stock opened at $276.12 on Wednesday. The firm has a market capitalization of $256.63 billion, a PE ratio of 44.83, a P/E/G ratio of 4.27 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The firm’s 50-day moving average price is $259.20 and its 200 day moving average price is $261.11. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last 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 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 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 2.4%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IBM shares. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Wedbush raised their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average price target of $284.62.

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.