CORDA Investment Management LLC. Invests $1.18 Million in International Business Machines Corporation $IBM

CORDA Investment Management LLC. acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,992 shares of the technology company’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. GAMMA Investing LLC boosted its holdings in International Business Machines by 19.3% in the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after buying an additional 2,862 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in International Business Machines by 4.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 1,739 shares of the technology company’s stock worth $432,000 after buying an additional 72 shares during the period. Appleton Partners Inc. MA increased its stake in International Business Machines by 27.5% in the 1st quarter. Appleton Partners Inc. MA now owns 3,505 shares of the technology company’s stock worth $872,000 after buying an additional 756 shares in the last quarter. Finally, Aspire Private Capital LLC bought a new stake in International Business Machines during the first quarter valued at about $205,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.8%

NYSE IBM opened at $280.95 on Monday. The stock has a 50 day moving average price of $261.07 and a 200-day moving average price of $261.86. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. 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 company has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the business posted $2.43 earnings per share. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. Morgan Stanley increased their target price on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective 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. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Finally, Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $286.38.

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.