KCM Investment Advisors LLC Buys 701 Shares of International Business Machines Corporation $IBM

KCM Investment Advisors LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.6% in the second quarter, Holdings Channel.com reports. The fund owned 9,906 shares of the technology company’s stock after purchasing an additional 701 shares during the period. KCM Investment Advisors LLC’s holdings in International Business Machines were worth $2,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new position in International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its stake 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 acquiring an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Stifel Nicolaus lowered their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. BMO Capital Markets increased their price objective on shares of 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. Jefferies Financial Group boosted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Morgan Stanley decreased their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

International Business Machines stock opened at $306.64 on Friday. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The firm has a 50-day moving average price of $279.45 and a 200-day moving average price of $268.83. The firm has a market capitalization of $286.63 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

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 for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.