Fielder Capital Group LLC Has $450,000 Position in International Business Machines Corporation $IBM

Fielder Capital Group LLC reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,527 shares of the technology company’s stock after selling 74 shares during the period. Fielder Capital Group LLC’s holdings in International Business Machines were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter worth $28,000. Dagco Inc. bought a new position in International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners increased its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IBM shares. BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday. UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Finally, Morgan Stanley decreased their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $288.00.

International Business Machines Trading Up 8.0%

NYSE IBM opened at $307.78 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $310.75. The company has a market cap of $286.05 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 4.35 and a beta of 0.73. The business’s fifty day moving average is $266.21 and its 200 day moving average is $263.57.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the business posted $2.30 EPS. International Business Machines’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS 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. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

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.