Wealthcare Advisory Partners LLC Increases Stock Position in International Business Machines Corporation $IBM

Wealthcare Advisory Partners LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 10.7% during the second quarter, Holdings Channel.com reports. The fund owned 21,072 shares of the technology company’s stock after purchasing an additional 2,042 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in International Business Machines were worth $6,212,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Family CFO Inc bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a research note on Saturday, September 27th. BMO Capital Markets boosted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Performance

Shares of IBM opened at $288.62 on Monday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The business’s fifty day simple moving average is $255.18 and its two-hundred day simple moving average is $259.38. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market cap of $268.25 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73.

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, beating 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 last year, the firm posted $2.43 earnings per share. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research 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. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio is 109.09%.

About International Business Machines

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.