International Business Machines Corporation $IBM Shares Purchased by EWG Elevate Inc.

EWG Elevate Inc. grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.6% during the second quarter, Holdings Channel reports. The firm owned 1,294 shares of the technology company’s stock after acquiring an additional 135 shares during the quarter. EWG Elevate Inc.’s holdings in International Business Machines were worth $381,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lifestyle Asset Management Inc. boosted its holdings in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC lifted its position in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Tacita Capital Inc lifted its position in shares of International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 40 shares in the last quarter. Global Financial Private Client LLC boosted its stake in shares of International Business Machines by 0.4% in the second quarter. Global Financial Private Client LLC now owns 10,548 shares of the technology company’s stock valued at $3,109,000 after purchasing an additional 41 shares during the period. Finally, Pallas Capital Advisors LLC grew its holdings in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 42 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $272.34 on Wednesday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $253.11 billion, a PE ratio of 44.21, a price-to-earnings-growth ratio of 4.18 and a beta of 0.71. The business’s fifty day moving average price is $254.38 and its 200 day moving average price is $257.48.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) 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 business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the prior year, the firm posted $2.43 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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 issued a dividend of $1.68 per share. 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 2.5%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average target price of $275.00.

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.