Dumont & Blake Investment Advisors LLC Has $2.33 Million Stock Position in International Business Machines Corporation $IBM

Dumont & Blake Investment Advisors LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,916 shares of the technology company’s stock after selling 765 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in International Business Machines were worth $2,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares in the last quarter. GAMMA Investing LLC increased its position in International Business Machines by 19.3% during the 1st quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after buying an additional 2,862 shares during the period. Jamison Private Wealth Management Inc. increased its position in International Business Machines by 4.3% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 1,739 shares of the technology company’s stock worth $432,000 after buying an additional 72 shares during the period. Denver Wealth Management Inc. bought a new position in International Business Machines during the 1st quarter worth $225,000. Finally, Perfromance Wealth Partners LLC grew its holdings in shares of International Business Machines by 2.9% during the 1st quarter. Perfromance Wealth Partners LLC now owns 9,798 shares of the technology company’s stock worth $2,436,000 after purchasing an additional 273 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group increased their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $286.38.

International Business Machines Price Performance

International Business Machines stock opened at $280.95 on Friday. The firm has a market cap of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. The stock’s 50 day moving average is $261.07 and its 200 day moving average is $261.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. 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 109.09%.

International Business Machines Company 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.