BCS Wealth Management Increases Stock Holdings in International Business Machines Corporation $IBM

BCS Wealth Management increased its holdings in International Business Machines Corporation (NYSE:IBM) by 97.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,222 shares of the technology company’s stock after acquiring an additional 1,098 shares during the quarter. BCS Wealth Management’s holdings in International Business Machines were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter worth $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the first quarter valued at $31,000. Silicon Valley Capital Partners increased its holdings in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc increased its holdings in shares of International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock valued at $42,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBM. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Bank of America reduced their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $275.00.

International Business Machines Price Performance

NYSE IBM opened at $267.77 on Thursday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The stock has a 50-day moving average of $254.10 and a 200 day moving average of $257.55. The company has a market capitalization of $248.87 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 4.19 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last released 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 the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. 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 dividend payout ratio (DPR) is presently 109.09%.

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.