Knights of Columbus Asset Advisors LLC Increases Holdings in International Business Machines Corporation $IBM

Knights of Columbus Asset Advisors LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 33.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,372 shares of the technology company’s stock after buying an additional 12,211 shares during the quarter. International Business Machines accounts for approximately 0.9% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 23rd largest position. Knights of Columbus Asset Advisors LLC’s holdings in International Business Machines were worth $14,259,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC bought a new stake in International Business Machines during the first quarter valued at approximately $396,000. Brooklyn Investment Group grew its position in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA grew its position in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after acquiring an additional 12,690 shares during the period. Left Brain Wealth Management LLC increased its stake in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in International Business Machines by 47.0% in the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Bank of America reduced their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. The Goldman Sachs Group increased their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Trading Up 0.7%

Shares of IBM opened at $288.62 on Monday. The firm has a market cap of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a 50 day simple moving average of $255.18 and a two-hundred day simple moving average of $259.38.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts expect 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 was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

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.