SBI Securities Co. Ltd. Raises Holdings in International Business Machines Corporation $IBM

SBI Securities Co. Ltd. grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,800 shares of the technology company’s stock after buying an additional 309 shares during the quarter. International Business Machines accounts for 0.8% of SBI Securities Co. Ltd.’s portfolio, making the stock its 23rd largest position. SBI Securities Co. Ltd.’s holdings in International Business Machines were worth $26,471,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Family CFO Inc bought a new stake in shares of International Business Machines in the second quarter worth $25,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter worth about $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter valued at approximately $31,000. Silicon Valley Capital Partners boosted its holdings in shares of 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 acquiring an additional 100 shares during the period. Finally, Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $313.98 on Wednesday. International Business Machines Corporation has a 52 week low of $204.07 and a 52 week high of $319.35. The firm has a fifty day moving average of $282.22 and a two-hundred day moving average of $270.32. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market capitalization of $293.49 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during 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 was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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 paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.1%. International Business Machines’s dividend payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IBM. Stifel Nicolaus dropped their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a 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 company a “hold” rating in a research note on Tuesday, October 21st. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One equities research 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 issued a Sell rating to the company. 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 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.