International Business Machines Corporation $IBM Position Increased by Assetmark Inc.

Assetmark Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 9.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 46,896 shares of the technology company’s stock after acquiring an additional 3,888 shares during the period. Assetmark Inc.’s holdings in International Business Machines were worth $13,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new stake in International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. acquired a new stake in International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its position in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $307.24 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $287.19 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 4.33 and a beta of 0.73. The stock’s fifty day simple moving average is $273.16 and its 200 day simple moving average is $266.48. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $319.35.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 payout ratio is presently 80.38%.

Analyst Ratings Changes

Several research firms recently commented on IBM. Royal Bank Of Canada lowered their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. BMO Capital Markets lifted their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.