ShoreHaven Wealth Partners LLC Acquires New Position in International Business Machines Corporation $IBM

ShoreHaven Wealth Partners LLC bought a new position in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 743 shares of the technology company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Family CFO Inc purchased a new stake in shares of International Business Machines in the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter valued at about $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners increased its holdings in shares of 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 buying an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

IBM opened at $280.95 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The stock has a market capitalization of $261.12 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.24 and a beta of 0.73. The stock’s 50 day moving average price is $261.07 and its 200-day moving average price is $261.65.

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

International Business Machines Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.4%. International Business Machines’s payout ratio is currently 109.09%.

Analyst Ratings Changes

Several brokerages recently weighed in on IBM. UBS Group increased their target price on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $315.00 target price on shares of International Business Machines in a report on Thursday. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America dropped their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $286.38.

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.