Goelzer Investment Management Inc. Increases Stock Position in International Business Machines Corporation $IBM

Goelzer Investment Management Inc. grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,274 shares of the technology company’s stock after acquiring an additional 56 shares during the quarter. Goelzer Investment Management Inc.’s holdings in International Business Machines were worth $8,629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IBM. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of International Business Machines by 2,519.9% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 290,806 shares of the technology company’s stock valued at $63,928,000 after acquiring an additional 279,706 shares during the last quarter. Whelan Financial boosted its holdings in shares of International Business Machines by 18.2% during the 4th quarter. Whelan Financial now owns 1,548 shares of the technology company’s stock valued at $340,000 after acquiring an additional 238 shares during the last quarter. Waverly Advisors LLC boosted its holdings in shares of International Business Machines by 15.8% during the 4th quarter. Waverly Advisors LLC now owns 41,900 shares of the technology company’s stock valued at $9,211,000 after acquiring an additional 5,718 shares during the last quarter. Finally, USS Investment Management Ltd boosted its holdings in shares of International Business Machines by 129.9% during the 4th quarter. USS Investment Management Ltd now owns 236,553 shares of the technology company’s stock valued at $52,038,000 after acquiring an additional 133,653 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IBM shares. Stifel Nicolaus raised their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $275.00.

International Business Machines Stock Up 0.5%

NYSE IBM opened at $257.45 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a fifty day moving average of $256.20 and a two-hundred day moving average of $256.99. The firm has a market capitalization of $239.27 billion, a price-to-earnings ratio of 41.79, a PEG ratio of 3.95 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines’s dividend payout ratio is 109.09%.

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.