MJP Associates Inc. ADV Grows Position in International Business Machines Corporation $IBM

MJP Associates Inc. ADV boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,404 shares of the technology company’s stock after buying an additional 427 shares during the quarter. MJP Associates Inc. ADV’s holdings in International Business Machines were worth $2,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in International Business Machines by 39.5% in the first quarter. Edgestream Partners L.P. now owns 8,567 shares of the technology company’s stock worth $2,130,000 after purchasing an additional 2,424 shares during the last quarter. Bailard Inc. grew its position in International Business Machines by 63.1% in the 1st quarter. Bailard Inc. now owns 14,323 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 5,543 shares during the period. Midwest Heritage Bank FSB purchased a new stake in International Business Machines during the 1st quarter valued at $202,000. Finally, Ring Mountain Capital LLC raised its stake in International Business Machines by 16.7% during the 1st quarter. Ring Mountain Capital LLC now owns 1,119 shares of the technology company’s stock valued at $278,000 after buying an additional 160 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBM shares. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Bank of America increased their target price on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley cut their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Stifel Nicolaus reduced their price target on shares of 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. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Stock Performance

NYSE:IBM opened at $305.35 on Friday. 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 50-day simple moving average of $285.92 and a two-hundred day simple moving average of $271.35. The firm has a market capitalization of $285.42 billion, a PE ratio of 36.53, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $324.90.

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, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio 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.