Investment Advisory Services Inc. TX ADV Boosts Stock Position in International Business Machines Corporation $IBM

Investment Advisory Services Inc. TX ADV lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,722 shares of the technology company’s stock after buying an additional 90 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in International Business Machines were worth $1,097,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IBM. GQG Partners LLC purchased a new position in shares of International Business Machines during the 1st quarter worth approximately $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines during the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after buying an additional 889,008 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM stock opened at $284.72 on Monday. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The stock’s fifty day simple moving average is $254.07 and its 200-day simple moving average is $258.11. 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 has a market capitalization of $264.62 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the firm earned $2.43 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. 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, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average target price of $275.00.

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.