Wealthfront Advisers LLC Grows Stock Holdings in International Business Machines Corporation $IBM

Wealthfront Advisers LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,255 shares of the technology company’s stock after acquiring an additional 7,226 shares during the period. Wealthfront Advisers LLC’s holdings in International Business Machines were worth $38,102,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in shares of International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. purchased a new position in International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners lifted 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 during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

Shares of IBM stock opened at $307.78 on Friday. The stock has a fifty day moving average price of $266.21 and a 200 day moving average price of $263.87. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.87 and a current ratio of 0.93. The stock has a market cap of $286.05 billion, a PE ratio of 36.82, a P/E/G ratio of 4.69 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $310.75.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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 will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research note on Thursday. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. BMO Capital Markets increased their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Royal Bank Of Canada lowered their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines 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.