Clark & Stuart Inc Takes Position in International Business Machines Corporation $IBM

Clark & Stuart Inc bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 767 shares of the technology company’s stock, valued at approximately $226,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock worth $2,147,608,000 after acquiring an additional 524,633 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in International Business Machines by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock worth $1,371,812,000 after purchasing an additional 52,317 shares during the period. Goldman Sachs Group Inc. grew its holdings in International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in International Business Machines by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock valued at $1,270,022,000 after purchasing an additional 24,790 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research report on Saturday, September 27th. 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 note on Thursday, July 24th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Stifel Nicolaus upped their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Bank of America reduced their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Up 0.5%

IBM stock opened at $289.70 on Tuesday. The firm has a market capitalization of $269.25 billion, a PE ratio of 47.03, a P/E/G ratio of 4.44 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The stock’s 50 day moving average is $255.71 and its 200-day moving average is $259.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results 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 the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 EPS 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. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 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.