Envestnet Asset Management Inc. Has $417.13 Million Position in International Business Machines Corporation $IBM

Envestnet Asset Management Inc. increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,415,043 shares of the technology company’s stock after buying an additional 75,393 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of International Business Machines worth $417,125,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines in the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the 1st quarter valued at $28,000. Highline Wealth Partners LLC boosted its holdings in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 8.0%

Shares of NYSE:IBM opened at $307.78 on Monday. The firm has a market cap of $287.69 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75. The business has a fifty day simple moving average of $266.21 and a 200 day simple moving average of $264.07.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. 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 dividend payout ratio (DPR) is 80.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased 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. Morgan Stanley dropped their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank Of Canada dropped 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. Bank of America increased their price target on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

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.