RWA Wealth Partners LLC Purchases 1,701 Shares of International Business Machines Corporation $IBM

RWA Wealth Partners LLC grew its position in International Business Machines Corporation (NYSE:IBM) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,015 shares of the technology company’s stock after acquiring an additional 1,701 shares during the quarter. RWA Wealth Partners LLC’s holdings in International Business Machines were worth $12,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Paradigm Asset Management Co. LLC grew its stake in shares of International Business Machines by 766.7% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 5,200 shares of the technology company’s stock worth $1,533,000 after buying an additional 4,600 shares in the last quarter. Metis Global Partners LLC grew its position in International Business Machines by 1.8% in the second quarter. Metis Global Partners LLC now owns 71,591 shares of the technology company’s stock worth $21,104,000 after acquiring an additional 1,243 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in International Business Machines by 48.5% in the second quarter. Legacy Wealth Managment LLC ID now owns 147 shares of the technology company’s stock worth $43,000 after acquiring an additional 48 shares in the last quarter. Summit Wealth & Retirement Planning Inc. bought a new stake in International Business Machines during the second quarter worth approximately $208,000. Finally, KCM Investment Advisors LLC increased its stake in International Business Machines by 7.6% during the second quarter. KCM Investment Advisors LLC now owns 9,906 shares of the technology company’s stock worth $2,920,000 after acquiring an additional 701 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $306.64 on Friday. The firm’s 50 day simple moving average is $279.45 and its 200-day simple moving average is $268.83. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a one year low of $204.07 and a one year high of $319.35. The firm has a market cap of $286.63 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

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

International Business Machines Dividend Announcement

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 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 dividend yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IBM shares. Bank of America lifted their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Jefferies Financial Group increased their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Finally, Sanford C. Bernstein initiated coverage on 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average 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.