Clark Asset Management LLC Takes $1.47 Million Position in International Business Machines Corporation $IBM

Clark Asset Management LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, HoldingsChannel reports. The fund purchased 4,985 shares of the technology company’s stock, valued at approximately $1,470,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the second quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Dagco Inc. acquired a new stake in International Business Machines during the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners grew its stake in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 1.6%

Shares of NYSE:IBM opened at $312.53 on Tuesday. The business’s 50 day simple moving average is $267.68 and its two-hundred day simple moving average is $264.61. The firm has a market cap of $292.13 billion, a P/E ratio of 37.38, a PEG ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $313.50.

International Business Machines (NYSE:IBM) last announced its quarterly 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. 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 analyst estimates of $16.10 billion. During the same quarter in the prior year, the company earned $2.30 earnings per share. The company’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, research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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 issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBM. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Jefferies Financial Group raised their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada decreased their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.