Rovin Capital UT ADV Acquires New Shares in International Business Machines Corporation $IBM

Rovin Capital UT ADV acquired a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 976 shares of the technology company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc bought a new position in shares of International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC boosted its holdings in shares of 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 buying an additional 51 shares during the period. Finally, Dagco Inc. bought a new stake in shares of International Business Machines during the first quarter worth $31,000. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Morgan Stanley dropped their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus decreased their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Jefferies Financial Group boosted their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Price Performance

Shares of NYSE IBM opened at $306.64 on Friday. 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 50-day moving average of $279.45 and a 200-day moving average of $268.83. The stock has a market capitalization of $286.63 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week high of $319.35.

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

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend 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 is presently 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.