Joel Isaacson & Co. LLC Buys 1,130 Shares of International Business Machines Corporation $IBM

Joel Isaacson & Co. LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 6.4% in the second quarter, Holdings Channel reports. The institutional investor owned 18,889 shares of the technology company’s stock after acquiring an additional 1,130 shares during the period. Joel Isaacson & Co. LLC’s holdings in International Business Machines were worth $5,568,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. raised its stake in shares of International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares in the last quarter. Whelan Financial grew its holdings in International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares during the last quarter. Blue Edge Capital LLC increased its position in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Johnson Bixby & Associates LLC lifted its holdings in shares of International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares during the last quarter. Finally, Tacita Capital Inc lifted its holdings in shares of International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent analyst reports. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Saturday, September 27th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. upped their price target 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Up 0.5%

IBM stock opened at $289.70 on Tuesday. The company has a market capitalization of $269.25 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The firm’s fifty day simple moving average is $255.71 and its 200-day simple moving average is $259.70. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the company posted $2.43 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

International Business Machines Company 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.