Howard Capital Management Inc. Has $1.89 Million Stock Holdings in International Business Machines Corporation $IBM

Howard Capital Management Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 21.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,425 shares of the technology company’s stock after purchasing an additional 1,146 shares during the quarter. Howard Capital Management Inc.’s holdings in International Business Machines were worth $1,894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. Brighton Jones LLC raised its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Monument Capital Management acquired a new position in International Business Machines in the 1st quarter worth approximately $223,000. Ameritas Advisory Services LLC grew its position in International Business Machines by 4.7% during the 1st quarter. Ameritas Advisory Services LLC now owns 13,338 shares of the technology company’s stock worth $3,108,000 after purchasing an additional 593 shares in the last quarter. Koshinski Asset Management Inc. grew its position in International Business Machines by 5.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 4,695 shares of the technology company’s stock worth $1,168,000 after purchasing an additional 238 shares in the last quarter. Finally, Richardson Capital Management LLC lifted its holdings in shares of International Business Machines by 156.4% in the first quarter. Richardson Capital Management LLC now owns 705 shares of the technology company’s stock valued at $175,000 after purchasing an additional 430 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on IBM shares. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 0.1%

International Business Machines stock opened at $312.90 on Wednesday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $319.35. The company’s fifty day moving average price is $269.11 and its two-hundred day moving average price is $265.19. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $292.47 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 4.40 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. The company 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 firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.1%. International Business Machines’s dividend payout ratio (DPR) is currently 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.