International Business Machines Corporation $IBM Shares Purchased by Wagner Wealth Management LLC

Wagner Wealth Management LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% during the second quarter, Holdings Channel.com reports. The fund owned 11,535 shares of the technology company’s stock after acquiring an additional 235 shares during the quarter. International Business Machines accounts for approximately 0.8% of Wagner Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Wagner Wealth Management LLC’s holdings in International Business Machines were worth $3,400,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC acquired a new position in International Business Machines during the first quarter worth about $396,000. Brooklyn Investment Group increased its stake in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA increased its stake in International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC increased its stake in International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 2,399 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. BMO Capital Markets lifted their price target on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus lifted their price target on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $275.00.

International Business Machines Stock Up 1.2%

Shares of International Business Machines stock opened at $284.72 on Monday. The firm has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The stock has a 50-day simple moving average of $254.07 and a 200-day simple moving average of $258.11.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

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.