International Business Machines Corporation $IBM Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,987 shares of the technology company’s stock after acquiring an additional 370 shares during the quarter. Mission Wealth Management LP’s holdings in International Business Machines were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter worth $28,000. Dagco Inc. acquired a new position in International Business Machines in the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners lifted its holdings 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 worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $307.24 on Friday. The company has a 50-day moving average of $273.16 and a 200-day moving average of $266.66. The company has a market capitalization 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 Corporation has a 1-year low of $203.51 and a 1-year high of $319.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given 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 payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IBM shares. Stifel Nicolaus cut their price objective on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Morgan Stanley cut their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.