International Business Machines Corporation $IBM Shares Bought by RoundAngle Advisors LLC

RoundAngle Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 9,107 shares of the technology company’s stock after buying an additional 347 shares during the quarter. International Business Machines makes up 2.2% of RoundAngle Advisors LLC’s investment portfolio, making the stock its 15th largest position. RoundAngle Advisors LLC’s holdings in International Business Machines were worth $2,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter worth $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners raised its stake in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $278.09 on Monday. 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 firm 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 Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The stock’s 50 day simple moving average is $258.19 and its 200 day simple moving average is $260.78.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current 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 paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

IBM has been the subject of several research reports. Bank of America cut their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. BMO Capital Markets lifted their price objective 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. Finally, JPMorgan Chase & Co. raised 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $284.62.

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.