Reliant Investment Management LLC Increases Stock Position in International Business Machines Corporation $IBM

Reliant Investment Management LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,145 shares of the technology company’s stock after buying an additional 245 shares during the period. Reliant Investment Management LLC’s holdings in International Business Machines were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBM. Family CFO Inc purchased a new position in International Business Machines in the second quarter worth $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter worth $28,000. Highline Wealth Partners LLC increased its holdings in shares of International Business Machines by 85.0% in the 2nd 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 stake in shares of International Business Machines in the first quarter valued at about $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $287.57 on Thursday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $301.04. The stock has a market cap of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The business’s fifty day moving average price is $263.92 and its two-hundred day moving average price is $262.56. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date 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 109.09%.

Analysts Set New Price Targets

IBM has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Jefferies Financial Group lifted their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. Morgan Stanley upped their target price on International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research report on Wednesday, October 8th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $289.46.

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.