Armstrong Advisory Group Inc. Boosts Stock Position in International Business Machines Corporation $IBM

Armstrong Advisory Group Inc. lifted its position in International Business Machines Corporation (NYSE:IBM) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,107 shares of the technology company’s stock after purchasing an additional 110 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in International Business Machines were worth $916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. boosted its holdings in International Business Machines by 2.8% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 3,505 shares of the technology company’s stock valued at $1,033,000 after acquiring an additional 95 shares during the period. GAMMA Investing LLC boosted its holdings in International Business Machines by 11.1% during the 2nd quarter. GAMMA Investing LLC now owns 19,664 shares of the technology company’s stock valued at $5,797,000 after acquiring an additional 1,970 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in International Business Machines by 40.7% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,005 shares of the technology company’s stock valued at $1,181,000 after acquiring an additional 1,158 shares during the period. Maryland Capital Advisors Inc. boosted its holdings in International Business Machines by 109.8% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 944 shares of the technology company’s stock valued at $278,000 after acquiring an additional 494 shares during the period. Finally, Strategic Planning Group LLC boosted its holdings in International Business Machines by 4.5% during the 2nd quarter. Strategic Planning Group LLC now owns 29,420 shares of the technology company’s stock valued at $8,672,000 after acquiring an additional 1,262 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $267.19 on Monday. The business’s 50-day moving average is $254.82 and its 200 day moving average is $257.31. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company has a market capitalization of $248.33 billion, a P/E ratio of 43.38, a P/E/G ratio of 4.10 and a beta of 0.71.

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

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group increased their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $275.00.

International Business Machines 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.