Alpine Bank Wealth Management Raises Stake in International Business Machines Corporation $IBM

Alpine Bank Wealth Management raised its stake in International Business Machines Corporation (NYSE:IBM) by 1.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,137 shares of the technology company’s stock after buying an additional 42 shares during the period. Alpine Bank Wealth Management’s holdings in International Business Machines were worth $1,220,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. purchased a new stake in International Business Machines in the 1st quarter valued at $31,000. Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC grew its holdings in International Business Machines by 85.0% in the 2nd 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 in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on IBM. Wedbush upped their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Stifel Nicolaus increased their price target on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, BMO Capital Markets increased their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $275.00.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $284.72 on Monday. The business has a 50-day moving average of $254.07 and a 200 day moving average of $258.11. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The stock has a market capitalization of $264.62 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period last year, the business posted $2.43 EPS. International Business Machines’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. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 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.