International Business Machines Corporation $IBM Shares Bought by Acorns Advisers LLC

Acorns Advisers LLC grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 24.4% during the 1st quarter, HoldingsChannel reports. The firm owned 1,131 shares of the technology company’s stock after buying an additional 222 shares during the period. Acorns Advisers LLC’s holdings in International Business Machines were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Brighton Jones LLC raised 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 valued at $4,619,000 after purchasing an additional 2,323 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in International Business Machines during the 4th quarter worth about $5,819,000. Lighthouse Investment Partners LLC acquired a new position in International Business Machines during the 4th quarter worth about $1,539,000. Moore Capital Management LP acquired a new position in International Business Machines during the 4th quarter worth about $523,000. Finally, NDVR Inc. lifted its stake in International Business Machines by 5.5% during the 4th quarter. NDVR Inc. now owns 1,567 shares of the technology company’s stock worth $344,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price 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. Stifel Nicolaus boosted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. UBS Group boosted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Finally, Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $268.75.

International Business Machines Trading Up 1.2%

NYSE:IBM opened at $259.04 on Wednesday. The stock has a 50-day simple moving average of $259.66 and a 200-day simple moving average of $256.99. The stock has a market cap of $240.75 billion, a P/E ratio of 42.05, a P/E/G ratio of 3.94 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $202.87 and a 1 year high of $296.16. 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 released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be given a $1.68 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio is 109.09%.

About International Business Machines

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.