Sagespring Wealth Partners LLC Boosts Holdings in International Business Machines Corporation $IBM

Sagespring Wealth Partners LLC grew its stake in International Business Machines Corporation (NYSE:IBM) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,312 shares of the technology company’s stock after buying an additional 3,550 shares during the period. Sagespring Wealth Partners LLC’s holdings in International Business Machines were worth $8,641,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Boston Trust Walden Corp raised its holdings in shares of International Business Machines by 3.0% during the second quarter. Boston Trust Walden Corp now owns 3,402 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 100 shares during the last quarter. TD Asset Management Inc grew its stake in shares of International Business Machines by 2.8% during the 2nd quarter. TD Asset Management Inc now owns 664,263 shares of the technology company’s stock worth $195,811,000 after purchasing an additional 17,793 shares during the period. Founders Grove Wealth Partners LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $210,000. Morningstar Investment Management LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $313,000. Finally, RFG Advisory LLC grew its stake in International Business Machines by 23.8% in the 2nd quarter. RFG Advisory LLC now owns 20,816 shares of the technology company’s stock valued at $6,136,000 after acquiring an additional 3,998 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $277.21 on Tuesday. The stock has a 50 day moving average price of $258.69 and a 200 day moving average price of $261.01. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $257.64 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 business 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 company earned $2.43 earnings per share. The company’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 predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. 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 is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IBM. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. 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 report on Wednesday, July 2nd. Finally, BMO Capital Markets raised their price objective on shares of 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $284.62.

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.