International Business Machines Corporation $IBM Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 9.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,896 shares of the technology company’s stock after buying an additional 3,888 shares during the quarter. Assetmark Inc.’s holdings in International Business Machines were worth $13,824,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IBM. Family CFO Inc purchased a new position in International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter valued at about $28,000. Highline Wealth Partners LLC boosted its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new position in International Business Machines in the first quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Morgan Stanley reduced their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. UBS Group increased their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

Shares of IBM stock opened at $307.24 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The business has a 50 day moving average of $273.16 and a two-hundred day moving average of $266.48. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $319.35. The company has a market cap of $287.19 billion, a P/E ratio of 36.75, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results 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 business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

About International Business Machines

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.