International Business Machines Corporation $IBM Shares Bought by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,635 shares of the technology company’s stock after acquiring an additional 210 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in International Business Machines were worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of International Business Machines by 5.2% in the second quarter. International Assets Investment Management LLC now owns 10,123 shares of the technology company’s stock worth $2,984,000 after buying an additional 499 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of International Business Machines in the second quarter worth $133,771,000. Woodard & Co. Asset Management Group Inc. ADV raised its holdings in shares of International Business Machines by 27.8% in the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 3,797 shares of the technology company’s stock worth $1,119,000 after buying an additional 827 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of International Business Machines by 16.6% in the second quarter. Quotient Wealth Partners LLC now owns 5,678 shares of the technology company’s stock worth $1,674,000 after buying an additional 810 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of International Business Machines by 2.2% in the second quarter. Koshinski Asset Management Inc. now owns 4,797 shares of the technology company’s stock worth $1,414,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 1.8%

Shares of International Business Machines stock opened at $280.95 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a fifty day moving average price of $261.07 and a 200 day moving average price of $261.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The stock has a market cap of $261.12 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

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

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBM shares. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $286.38.

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.