Lyell Wealth Management LP Increases Stock Holdings in International Business Machines Corporation $IBM

Lyell Wealth Management LP raised its stake in International Business Machines Corporation (NYSE:IBM) by 27.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,434 shares of the technology company’s stock after purchasing an additional 528 shares during the quarter. Lyell Wealth Management LP’s holdings in International Business Machines were worth $717,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR lifted its position in shares of International Business Machines by 1.5% in the second quarter. Stephens Inc. AR now owns 70,750 shares of the technology company’s stock valued at $20,856,000 after acquiring an additional 1,052 shares in the last quarter. Madison Wealth Partners Inc acquired a new stake in International Business Machines during the second quarter worth about $235,000. Balboa Wealth Partners increased its stake in International Business Machines by 83.6% during the second quarter. Balboa Wealth Partners now owns 3,601 shares of the technology company’s stock worth $1,061,000 after acquiring an additional 1,640 shares during the last quarter. Calamos Wealth Management LLC grew its stake in shares of International Business Machines by 20.0% in the second quarter. Calamos Wealth Management LLC now owns 4,739 shares of the technology company’s stock valued at $1,397,000 after buying an additional 790 shares in the last quarter. Finally, First Bancorp Inc ME grew its stake in shares of International Business Machines by 3.6% in the second quarter. First Bancorp Inc ME now owns 4,032 shares of the technology company’s stock valued at $1,189,000 after buying an additional 140 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $283.64 on Tuesday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $263.61 billion, a P/E ratio of 46.05, a P/E/G ratio of 4.33 and a beta of 0.73. The business has a 50-day moving average of $262.02 and a two-hundred day moving average of $262.25.

International Business Machines (NYSE:IBM) last issued 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

IBM has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. boosted their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines currently 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.