Journey Strategic Wealth LLC Increases Position in International Business Machines Corporation $IBM

Journey Strategic Wealth LLC grew its position in International Business Machines Corporation (NYSE:IBM) by 19.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,641 shares of the technology company’s stock after purchasing an additional 2,970 shares during the quarter. Journey Strategic Wealth LLC’s holdings in International Business Machines were worth $5,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Family CFO Inc purchased a new stake in International Business Machines during the 2nd quarter worth about $25,000. Winnow Wealth LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter worth approximately $28,000. Highline Wealth Partners LLC boosted its holdings in International Business Machines by 85.0% in 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 in the last quarter. Finally, Dagco Inc. acquired a new position in International Business Machines in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.7%

Shares of NYSE:IBM opened at $290.62 on Friday. 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 cap of $271.66 billion, a P/E ratio of 34.76, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The firm has a fifty day moving average price of $288.67 and a 200 day moving average price of $272.75.

International Business Machines (NYSE:IBM) last announced its 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 business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current 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 issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

Several equities analysts have commented on IBM shares. BMO Capital Markets increased 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 research note on Thursday, October 23rd. Oppenheimer assumed coverage on shares of International Business Machines in a report on Friday. They issued an “outperform” rating for the company. Weiss Ratings upgraded 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 report on Thursday, August 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Company 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.