International Business Machines Corporation $IBM Position Raised by Principle Wealth Partners LLC

Principle Wealth Partners LLC raised its stake in International Business Machines Corporation (NYSE:IBM) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,295 shares of the technology company’s stock after buying an additional 390 shares during the quarter. International Business Machines makes up about 1.0% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 20th largest holding. Principle Wealth Partners LLC’s holdings in International Business Machines were worth $16,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Forum Financial Management LP lifted its stake in International Business Machines by 19.2% in the second quarter. Forum Financial Management LP now owns 9,810 shares of the technology company’s stock valued at $2,892,000 after buying an additional 1,579 shares during the last quarter. Ethic Inc. increased its holdings in shares of International Business Machines by 2.5% during the second quarter. Ethic Inc. now owns 131,420 shares of the technology company’s stock valued at $38,072,000 after purchasing an additional 3,262 shares during the period. Pacific Wealth Management acquired a new position in shares of International Business Machines during the second quarter valued at $315,000. Meadow Creek Wealth Advisors LLC increased its holdings in shares of International Business Machines by 7.2% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,652 shares of the technology company’s stock valued at $782,000 after purchasing an additional 177 shares during the period. Finally, Parcion Private Wealth LLC increased its holdings in shares of International Business Machines by 0.5% during the second quarter. Parcion Private Wealth LLC now owns 8,502 shares of the technology company’s stock valued at $2,506,000 after purchasing an additional 44 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on IBM shares. Royal Bank Of Canada reissued an “outperform” rating and set a $315.00 price target on shares of International Business Machines in a report on Thursday, October 16th. Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Jefferies Financial Group lifted their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. One 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. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $289.46.

International Business Machines Price Performance

NYSE:IBM opened at $287.57 on Thursday. The business’s 50-day moving average price is $263.92 and its 200 day moving average price is $262.56. The firm has a market cap of $267.27 billion, a P/E ratio of 46.68, a PEG ratio of 4.34 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

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.