Austin Wealth Management LLC Invests $241,000 in International Business Machines Corporation $IBM

Austin Wealth Management LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) in the second quarter, HoldingsChannel.com reports. The fund bought 818 shares of the technology company’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Family CFO Inc bought a new position in shares of International Business Machines in the 2nd quarter valued at about $25,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter worth approximately $28,000. Highline Wealth Partners LLC raised its position in International Business Machines by 85.0% during the second 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 during the period. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the 1st 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. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.6%

NYSE IBM opened at $313.98 on Wednesday. The stock has a market cap of $293.49 billion, a PE ratio of 37.56, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $204.07 and a 12 month high of $319.35. The company’s 50-day moving average price is $282.22 and its 200-day moving average price is $270.32. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last released 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 company 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 firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend 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 80.38%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada decreased their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets upped their price target on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.