International Business Machines Corporation $IBM Shares Acquired by Orion Capital Management LLC

Orion Capital Management LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,454 shares of the technology company’s stock after buying an additional 51 shares during the period. Orion Capital Management LLC’s holdings in International Business Machines were worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. Finally, Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter worth $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of IBM stock opened at $307.78 on Friday. The company has a market cap of $286.05 billion, a P/E ratio of 36.82, a PEG ratio of 4.69 and a beta of 0.73. The business has a 50 day moving average of $266.21 and a two-hundred day moving average of $263.87. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $310.75. 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 (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the firm earned $2.30 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IBM shares. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Finally, Royal Bank Of Canada decreased their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines 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.