Cercano Management LLC Makes New Investment in International Business Machines Corporation $IBM

Cercano Management LLC bought a new position in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 682 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family CFO Inc bought a new position in International Business Machines in the second quarter worth $25,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the 1st quarter valued at $28,000. Highline Wealth Partners LLC grew its position in shares of 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 buying an additional 51 shares during the period. Dagco Inc. bought a new position in shares of International Business Machines in the 1st quarter worth about $31,000. Finally, Silicon Valley Capital Partners increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $305.35 on Friday. The firm has a market cap of $285.42 billion, a P/E ratio of 36.53, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average of $285.92 and a 200 day moving average of $271.58.

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

International Business Machines Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent research reports. Bank of America upped their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group lifted their price objective 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. Finally, BMO Capital Markets boosted their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. One investment 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 data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.