Lynx Investment Advisory Has $1.03 Million Stake in International Business Machines Corporation $IBM

Lynx Investment Advisory boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,495 shares of the technology company’s stock after purchasing an additional 48 shares during the period. Lynx Investment Advisory’s holdings in International Business Machines were worth $1,030,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines during the first quarter worth about $396,000. Brooklyn Investment Group grew its stake in International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after buying an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA grew its stake in International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after buying an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC lifted its holdings in shares of International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 2,399 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.9%

Shares of NYSE IBM opened at $282.19 on Wednesday. The company has a 50 day simple moving average of $253.98 and a 200 day simple moving average of $258.50. The firm has a market cap of $262.27 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 4.31 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year 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.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the business earned $2.43 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research 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 declared 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 was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IBM. Stifel Nicolaus increased their target price 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. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Wedbush increased their target price 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. Finally, BMO Capital Markets increased their target price on shares of 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 given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.