Austin Wealth Management LLC Makes New $241,000 Investment in International Business Machines Corporation $IBM

Austin Wealth Management LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 818 shares of the technology company’s stock, valued at approximately $241,000.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. Edgestream Partners L.P. raised its position 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 acquiring an additional 2,424 shares during the period. Apollon Financial LLC boosted its stake in shares of International Business Machines by 5.7% during the 1st quarter. Apollon Financial LLC now owns 979 shares of the technology company’s stock worth $243,000 after acquiring an additional 53 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of International Business Machines by 22.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 320,514 shares of the technology company’s stock valued at $79,699,000 after acquiring an additional 59,730 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in International Business Machines by 4.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 29,153 shares of the technology company’s stock worth $7,249,000 after purchasing an additional 1,249 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. BMO Capital Markets boosted their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. Stifel Nicolaus decreased their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Bank of America upped their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Up 1.6%

NYSE IBM opened at $313.98 on Wednesday. International Business Machines Corporation has a 12 month low of $204.07 and a 12 month high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market cap of $293.49 billion, a PE ratio of 37.56, a P/E/G ratio of 4.33 and a beta of 0.71. The stock’s 50 day moving average is $282.22 and its 200 day moving average is $270.32.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 2.1%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is currently 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.