Creative Financial Designs Inc. ADV Buys 605 Shares of International Business Machines Corporation $IBM

Creative Financial Designs Inc. ADV raised its stake in International Business Machines Corporation (NYSE:IBM) by 16.7% in the second quarter, Holdings Channel reports. The fund owned 4,228 shares of the technology company’s stock after purchasing an additional 605 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in International Business Machines were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lifestyle Asset Management Inc. raised its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial raised its holdings in International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC raised its holdings in International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after buying an additional 36 shares during the last quarter. Blue Edge Capital LLC raised its holdings in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC raised its holdings in International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $307.24 on Friday. The company has a fifty day simple moving average of $273.16 and a 200 day simple moving average of $266.48. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The company has a market cap of $287.19 billion, a P/E ratio of 36.75, a PEG ratio of 4.33 and a beta of 0.73.

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

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. UBS Group raised their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. Jefferies Financial Group increased their target price on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.