International Business Machines Corporation $IBM Position Increased by Blankinship & Foster LLC

Blankinship & Foster LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 17.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,287 shares of the technology company’s stock after buying an additional 188 shares during the quarter. Blankinship & Foster LLC’s holdings in International Business Machines were worth $379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines in the second quarter valued at approximately $25,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter valued at approximately $31,000. Silicon Valley Capital Partners increased its position in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Highline Wealth Partners LLC lifted its stake 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 last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $305.35 on Friday. International Business Machines Corporation has a 12 month low of $204.07 and a 12 month high of $324.90. 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. The company’s 50 day simple moving average is $285.92 and its 200 day simple moving average is $271.58. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

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

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

Analyst Ratings Changes

Several research firms have recently commented on IBM. UBS Group upped their price target on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus cut their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. BMO Capital Markets increased their price objective 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. Finally, Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.