Vestmark Advisory Solutions Inc. Purchases 595 Shares of International Business Machines Corporation $IBM

Vestmark Advisory Solutions Inc. increased its position in International Business Machines Corporation (NYSE:IBM) by 65.7% during the second quarter, Holdings Channel.com reports. The firm owned 1,501 shares of the technology company’s stock after buying an additional 595 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in International Business Machines were worth $443,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter valued at $25,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the 1st quarter worth about $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter valued at about $31,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% during 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 in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IBM shares. Morgan Stanley dropped their target price on 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. Bank of America increased their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. 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. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. Finally, UBS Group increased their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. One research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $313.98 on Wednesday. The company has a market capitalization of $293.49 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The company’s 50-day moving average is $282.22 and its 200 day moving average is $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. 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 announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 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 net margin of 12.09% and a return on equity of 37.76%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is 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.