Elmwood Wealth Management Inc. Makes New Investment in International Business Machines Corporation $IBM

Elmwood Wealth Management Inc. bought a new position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 730 shares of the technology company’s stock, valued at approximately $215,000.

A number of other large investors have also recently bought and sold shares of the business. Kellett Wealth Advisors LLC lifted its holdings in International Business Machines by 4.4% in the second quarter. Kellett Wealth Advisors LLC now owns 1,136 shares of the technology company’s stock worth $335,000 after acquiring an additional 48 shares during the last quarter. NorthRock Partners LLC lifted its holdings in International Business Machines by 3.1% in the second quarter. NorthRock Partners LLC now owns 20,837 shares of the technology company’s stock worth $6,142,000 after acquiring an additional 635 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of International Business Machines by 8.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,310 shares of the technology company’s stock valued at $5,692,000 after buying an additional 1,529 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of International Business Machines by 1.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 80,337 shares of the technology company’s stock valued at $23,682,000 after buying an additional 900 shares during the last quarter. Finally, RoundAngle Advisors LLC raised its holdings in shares of International Business Machines by 4.0% during the second quarter. RoundAngle Advisors LLC now owns 9,107 shares of the technology company’s stock valued at $2,685,000 after buying an additional 347 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBM. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $277.21 on Tuesday. The stock has a market cap of $257.64 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The stock’s 50 day moving average price is $258.69 and its 200 day moving average price is $261.01. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio is currently 109.09%.

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.