Asset Planning Inc Has $459,000 Stock Holdings in International Business Machines Corporation $IBM

Asset Planning Inc decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,559 shares of the technology company’s stock after selling 173 shares during the quarter. Asset Planning Inc’s holdings in International Business Machines were worth $459,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Family CFO Inc acquired a new position in shares of International Business Machines in the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners lifted its stake in shares of 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 purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

IBM has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. 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 note on Friday, June 20th. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, The Goldman Sachs Group upped their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and an average target price of $284.62.

International Business Machines Price Performance

IBM opened at $278.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The company has a fifty day simple moving average of $258.19 and a 200 day simple moving average of $260.68. The stock has a market cap of $258.45 billion, a P/E ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced 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. 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 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.