Alan B Lancz & Associates Inc. Makes New Investment in International Business Machines Corporation $IBM

Alan B Lancz & Associates Inc. purchased a new position in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 746 shares of the technology company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently made changes to their positions in IBM. Brighton Jones LLC lifted its position in International Business Machines by 12.4% in the fourth 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. GAMMA Investing LLC raised its stake in shares of International Business Machines by 19.3% during the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock valued at $4,400,000 after acquiring an additional 2,862 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its holdings in shares of International Business Machines by 4.3% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 1,739 shares of the technology company’s stock worth $432,000 after buying an additional 72 shares during the period. Appleton Partners Inc. MA raised its holdings in shares of International Business Machines by 27.5% in the 1st quarter. Appleton Partners Inc. MA now owns 3,505 shares of the technology company’s stock valued at $872,000 after purchasing an additional 756 shares in the last quarter. Finally, Aspire Private Capital LLC purchased a new stake in International Business Machines during the first quarter worth $205,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.8%

IBM stock opened at $280.95 on Monday. 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 12 month low of $203.51 and a 12 month high of $301.04. The company has a fifty day moving average price of $261.07 and a 200 day moving average price of $261.86. The company has a market cap of $261.12 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its earnings results 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. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Stifel Nicolaus upped their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $315.00 price objective on shares of International Business Machines in a research report on Thursday. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $286.38.

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.