Reliant Investment Management LLC Grows Position in International Business Machines Corporation $IBM

Reliant Investment Management LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,145 shares of the technology company’s stock after acquiring an additional 245 shares during the quarter. Reliant Investment Management LLC’s holdings in International Business Machines were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of International Business Machines by 12.4% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in International Business Machines by 19.3% during 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 last quarter. YHB Investment Advisors Inc. lifted its holdings in International Business Machines by 3.4% during the 1st quarter. YHB Investment Advisors Inc. now owns 4,705 shares of the technology company’s stock worth $1,170,000 after buying an additional 156 shares during the last quarter. Moran Wealth Management LLC boosted its position in shares of International Business Machines by 2.9% during the 1st quarter. Moran Wealth Management LLC now owns 19,501 shares of the technology company’s stock worth $4,849,000 after acquiring an additional 550 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of International Business Machines by 3.3% in the 1st quarter. Archford Capital Strategies LLC now owns 8,988 shares of the technology company’s stock valued at $2,235,000 after acquiring an additional 289 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 target price on shares of International Business Machines in a research note on Thursday, October 16th. Morgan Stanley increased their target price on shares of International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group boosted their price objective on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $289.46.

International Business Machines Stock Performance

Shares of IBM stock opened at $287.57 on Thursday. The stock’s 50-day moving average price is $263.92 and its 200 day moving average price is $262.56. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 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 data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

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.