Terra Nova Asset Management LLC Acquires 511 Shares of International Business Machines Corporation $IBM

Terra Nova Asset Management LLC raised its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,042 shares of the technology company’s stock after purchasing an additional 511 shares during the quarter. International Business Machines accounts for 2.5% of Terra Nova Asset Management LLC’s portfolio, making the stock its 10th largest position. Terra Nova Asset Management LLC’s holdings in International Business Machines were worth $3,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBM. Brighton Jones LLC raised its stake in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of International Business Machines by 17.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,276 shares of the technology company’s stock valued at $317,000 after acquiring an additional 194 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of International Business Machines by 17.6% during the 1st quarter. Ignite Planners LLC now owns 3,928 shares of the technology company’s stock worth $941,000 after acquiring an additional 587 shares in the last quarter. Efficient Advisors LLC acquired a new position in shares of International Business Machines in the 1st quarter worth $230,000. Finally, SYM FINANCIAL Corp lifted its position in shares of International Business Machines by 8.5% in the 1st quarter. SYM FINANCIAL Corp now owns 2,495 shares of the technology company’s stock valued at $620,000 after acquiring an additional 196 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 0.5%

Shares of NYSE IBM opened at $288.48 on Thursday. International Business Machines Corporation has a 1-year low of $209.77 and a 1-year high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a 50-day moving average of $288.00 and a two-hundred day moving average of $272.62. The company has a market cap of $269.66 billion, a PE ratio of 34.51, a P/E/G ratio of 4.33 and a beta of 0.71.

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, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley lowered their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada decreased their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Stifel Nicolaus cut their price objective 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. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, UBS Group increased their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report 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 stock. Based on data from MarketBeat, the company 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.