Focus Partners Advisor Solutions LLC Boosts Stake in International Business Machines Corporation $IBM

Focus Partners Advisor Solutions LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,467 shares of the technology company’s stock after buying an additional 149 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in International Business Machines were worth $8,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the 1st quarter worth $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners boosted its position in shares of International Business Machines by 322.6% during 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on IBM shares. The Goldman Sachs Group upped their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Royal Bank Of Canada lowered their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Wall Street Zen downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $288.00.

International Business Machines Stock Up 8.0%

IBM opened at $307.78 on Friday. The company has a market cap of $286.05 billion, a PE ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73. The business has a 50 day moving average price of $266.21 and a two-hundred day moving average price of $263.57. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $310.75. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

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.