International Business Machines Corporation $IBM Stock Position Raised by Mission Wealth Management LP

Mission Wealth Management LP lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 17,987 shares of the technology company’s stock after purchasing an additional 370 shares during the quarter. Mission Wealth Management LP’s holdings in International Business Machines were worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Gilbert & Cook Inc. grew its position in shares of International Business Machines by 5.0% during the 2nd quarter. Gilbert & Cook Inc. now owns 3,341 shares of the technology company’s stock valued at $985,000 after buying an additional 158 shares during the last quarter. TIAA Trust National Association grew its position in shares of International Business Machines by 3.7% during the 2nd quarter. TIAA Trust National Association now owns 113,123 shares of the technology company’s stock valued at $33,343,000 after buying an additional 4,059 shares during the last quarter. SS&H Financial Advisors Inc. grew its position in shares of International Business Machines by 1.6% during the 2nd quarter. SS&H Financial Advisors Inc. now owns 25,215 shares of the technology company’s stock valued at $7,433,000 after buying an additional 400 shares during the last quarter. Elm Partners Management LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $2,789,000. Finally, GHP Investment Advisors Inc. grew its position in shares of International Business Machines by 1.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 80,449 shares of the technology company’s stock valued at $23,715,000 after buying an additional 1,384 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.9%

International Business Machines stock opened at $307.24 on Friday. The firm has a 50 day simple moving average of $273.16 and a 200-day simple moving average of $266.66. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $287.19 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $319.35.

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

International Business Machines Announces Dividend

The business also recently disclosed 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. The ex-dividend date 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%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Stifel Nicolaus decreased their target price on shares of 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. Sanford C. Bernstein assumed coverage on shares of 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. Finally, Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.