1,008 Shares in International Business Machines Corporation $IBM Bought by HORAN Wealth LLC

HORAN Wealth LLC purchased a new position in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,008 shares of the technology company’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in International Business Machines during the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines during the first quarter valued at $28,000. Dagco Inc. purchased a new position in International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners lifted its position in International Business Machines by 322.6% during the first 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 during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on IBM shares. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. UBS Group raised their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $306.91 on Thursday. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $319.35. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The business has a fifty day moving average price of $276.85 and a 200-day moving average price of $268.03. The company has a market capitalization of $286.88 billion, a PE ratio of 36.71, a PEG ratio of 4.33 and a beta of 0.73.

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

International Business Machines Dividend Announcement

The firm also recently disclosed 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. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

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.