International Business Machines Corporation $IBM Stock Position Cut by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 0.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,240 shares of the technology company’s stock after selling 96 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in International Business Machines were worth $11,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Finally, 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 report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $286.38.

International Business Machines Price Performance

NYSE IBM opened at $280.95 on Friday. The company has a 50 day simple moving average of $261.07 and a 200-day simple moving average of $261.73. 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 market capitalization of $261.12 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share 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. Stockholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is 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.