HC Advisors LLC Takes Position in International Business Machines Corporation $IBM

HC Advisors LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,350 shares of the technology company’s stock, valued at approximately $398,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines in the second quarter worth approximately $25,000. SSA Swiss Advisors AG purchased a new position in International Business Machines during the first quarter worth approximately $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the 1st quarter worth about $31,000. Silicon Valley Capital Partners increased its position 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 worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its holdings in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $306.64 on Friday. The firm has a 50-day moving average of $279.45 and a two-hundred day moving average of $269.02. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market cap of $286.63 billion, a P/E ratio of 36.68, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $319.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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 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 company’s revenue was up 9.1% compared to the same quarter last year. 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, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced 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. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Stifel Nicolaus decreased 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. BMO Capital Markets increased their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.