International Business Machines Corporation $IBM Shares Acquired by Opes Wealth Management LLC

Opes Wealth Management LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 40.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,384 shares of the technology company’s stock after buying an additional 400 shares during the period. Opes Wealth Management LLC’s holdings in International Business Machines were worth $408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBM. GQG Partners LLC acquired a new stake in shares of International Business Machines during the first quarter worth $1,040,057,000. Nuveen LLC acquired a new stake in shares of International Business Machines during the first quarter worth $960,386,000. Vanguard Group Inc. lifted its stake in shares of International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD lifted its position in International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after purchasing an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after purchasing an additional 889,008 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IBM shares. UBS Group boosted their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. Finally, Wall Street Zen cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average target price of $288.00.

International Business Machines Stock Down 1.3%

IBM stock opened at $283.91 on Friday. The stock has a market capitalization of $263.86 billion, a P/E ratio of 33.96, a P/E/G ratio of 4.42 and a beta of 0.73. The firm has a 50-day simple moving average of $264.85 and a 200-day simple moving average of $262.96. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. 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 released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.99%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s payout ratio is currently 109.09%.

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.