SBI Securities Co. Ltd. Buys 309 Shares of International Business Machines Corporation $IBM

SBI Securities Co. Ltd. raised its position in International Business Machines Corporation (NYSE:IBM) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,800 shares of the technology company’s stock after buying an additional 309 shares during the quarter. International Business Machines comprises about 0.8% of SBI Securities Co. Ltd.’s portfolio, making the stock its 23rd largest position. SBI Securities Co. Ltd.’s holdings in International Business Machines were worth $26,471,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBM. Family CFO Inc acquired a new position in shares of International Business Machines during the second quarter worth $25,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new position in International Business Machines in the first quarter valued at $31,000. Silicon Valley Capital Partners boosted its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC grew its position in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $313.98 on Wednesday. The company has a 50 day simple moving average of $282.22 and a two-hundred day simple moving average of $270.32. The company has a market capitalization of $293.49 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week high of $319.35. 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 (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.1%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBM. Royal Bank Of Canada dropped their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price objective on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Stifel Nicolaus reduced 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 note on Thursday, October 23rd. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. Finally, UBS Group increased their target price on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. One equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.