Geneos Wealth Management Inc. Boosts Stake in International Business Machines Corporation $IBM

Geneos Wealth Management Inc. increased its position in International Business Machines Corporation (NYSE:IBM) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,327 shares of the technology company’s stock after buying an additional 1,020 shares during the period. Geneos Wealth Management Inc.’s holdings in International Business Machines were worth $3,314,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IBM. Brighton Jones LLC lifted its position in shares of International Business Machines by 12.4% in 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. Jacobs Levy Equity Management Inc. purchased a new stake in shares of International Business Machines in the fourth quarter worth about $5,819,000. Lighthouse Investment Partners LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $1,539,000. Moore Capital Management LP purchased a new stake in International Business Machines during the fourth quarter valued at approximately $523,000. Finally, Obermeyer Wealth Partners raised its position in International Business Machines by 41.4% during the fourth quarter. Obermeyer Wealth Partners now owns 1,522 shares of the technology company’s stock valued at $335,000 after purchasing an additional 446 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. BMO Capital Markets upped 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 downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Finally, UBS Group upped their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $270.67.

International Business Machines Trading Down 0.8%

Shares of NYSE IBM opened at $256.96 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The business’s 50 day moving average price is $259.04 and its 200-day moving average price is $256.99. International Business Machines Corporation has a fifty-two week low of $203.04 and a fifty-two week high of $296.16. The company has a market cap of $238.82 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 3.99 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping 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 the consensus estimate of $16.58 billion. During the same period in the prior year, the business posted $2.43 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a 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.