Johnson Bixby & Associates LLC Has $356,000 Holdings in International Business Machines Corporation $IBM

Johnson Bixby & Associates LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 1,208 shares of the technology company’s stock after purchasing an additional 39 shares during the period. Johnson Bixby & Associates LLC’s holdings in International Business Machines were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter worth approximately $28,000. Highline Wealth Partners LLC lifted its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Dagco Inc. bought a new stake in shares of International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners grew its stake in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $284.72 on Friday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The company has a market capitalization of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average is $254.07 and its two-hundred day moving average is $258.03.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The company 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Sanford C. Bernstein initiated coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group lifted their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $275.00.

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.