WNY Asset Management LLC Boosts Stake in International Business Machines Corporation $IBM

WNY Asset Management LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.9% in the second quarter, Holdings Channel.com reports. The fund owned 2,080 shares of the technology company’s stock after buying an additional 134 shares during the quarter. WNY Asset Management LLC’s holdings in International Business Machines were worth $613,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new stake in International Business Machines during the second quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter worth about $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines in the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners boosted its position in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. BMO Capital Markets upped their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Bank of America upped their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Jefferies Financial Group upped their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Finally, Stifel Nicolaus decreased their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Trading Down 0.1%

NYSE:IBM opened at $312.90 on Wednesday. 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 one year low of $203.51 and a one year high of $319.35. The business’s 50-day simple moving average is $269.11 and its 200 day simple moving average is $265.19. The stock has a market cap of $292.47 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 4.40 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 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 analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.1%. International Business Machines’s dividend 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.