Conservest Capital Advisors Inc. Purchases New Stake in International Business Machines Corporation $IBM

Conservest Capital Advisors Inc. purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 941 shares of the technology company’s stock, valued at approximately $277,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group raised its stake in shares of International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 1,630 shares during the period. Edgar Lomax Co. VA raised its stake in shares of International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares during the period. Left Brain Wealth Management LLC raised its stake in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 16,592 shares during the period. Alpha Cubed Investments LLC raised its stake in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. raised its stake in shares of International Business Machines by 5.6% during the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock valued at $15,434,000 after purchasing an additional 3,276 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IBM shares. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday. Sanford C. Bernstein started coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Bank of America lifted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Stock Performance

International Business Machines stock opened at $307.78 on Friday. The company has a market cap of $286.05 billion, a PE ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. The company has a fifty day moving average price of $266.21 and a two-hundred day moving average price of $263.87. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $310.75.

International Business Machines (NYSE:IBM) last released its quarterly earnings data 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 firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is currently 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.