International Business Machines Corporation $IBM Shares Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.4% in the second quarter, HoldingsChannel.com reports. The fund owned 18,450 shares of the technology company’s stock after buying an additional 439 shares during the quarter. HBK Sorce Advisory LLC’s holdings in International Business Machines were worth $5,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% during 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 in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of International Business Machines by 5.3% during the first quarter. Koshinski Asset Management Inc. now owns 4,695 shares of the technology company’s stock worth $1,168,000 after buying an additional 238 shares in the last quarter. Mather Group LLC. grew its holdings in shares of International Business Machines by 18.9% during the first quarter. Mather Group LLC. now owns 5,894 shares of the technology company’s stock worth $1,466,000 after buying an additional 936 shares in the last quarter. TCP Asset Management LLC purchased a new stake in shares of International Business Machines during the first quarter worth about $214,000. Finally, Rossby Financial LCC grew its holdings in shares of International Business Machines by 89.4% during the first quarter. Rossby Financial LCC now owns 2,119 shares of the technology company’s stock worth $492,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

International Business Machines stock opened at $308.17 on Thursday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $319.35. The firm has a 50 day moving average price of $270.43 and a 200 day moving average price of $265.70. The company has a market cap of $288.05 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 4.39 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

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, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBM. The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Jefferies Financial Group lifted their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. Finally, Bank of America boosted 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, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

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.