International Business Machines Corporation $IBM Shares Acquired by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 23.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,790 shares of the technology company’s stock after acquiring an additional 521 shares during the period. Tritonpoint Wealth LLC’s holdings in International Business Machines were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Brighton Jones LLC grew its stake in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the last quarter. Versant Capital Management Inc grew its stake in International Business Machines by 60.7% during the 1st quarter. Versant Capital Management Inc now owns 1,032 shares of the technology company’s stock worth $257,000 after buying an additional 390 shares during the last quarter. Somerset Trust Co bought a new position in International Business Machines during the 1st quarter worth $213,000. Investors Research Corp bought a new position in International Business Machines during the 1st quarter worth $202,000. Finally, Cerro Pacific Wealth Advisors LLC grew its stake in International Business Machines by 15.9% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 2,397 shares of the technology company’s stock worth $596,000 after buying an additional 329 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 1.2%

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

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Stifel Nicolaus increased 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. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. UBS Group increased 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. Finally, JPMorgan Chase & Co. increased their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $275.00.

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.