International Business Machines Corporation $IBM Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its position in International Business Machines Corporation (NYSE:IBM) by 27.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,990 shares of the technology company’s stock after purchasing an additional 11,989 shares during the period. Foundations Investment Advisors LLC’s holdings in International Business Machines were worth $16,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Edgestream Partners L.P. increased its stake in International Business Machines by 39.5% in the first quarter. Edgestream Partners L.P. now owns 8,567 shares of the technology company’s stock valued at $2,130,000 after purchasing an additional 2,424 shares during the last quarter. Bailard Inc. raised its holdings in International Business Machines by 63.1% during the first quarter. Bailard Inc. now owns 14,323 shares of the technology company’s stock worth $3,562,000 after purchasing an additional 5,543 shares in the last quarter. Midwest Heritage Bank FSB purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $202,000. Finally, Ring Mountain Capital LLC grew its position in shares of International Business Machines by 16.7% in the 1st quarter. Ring Mountain Capital LLC now owns 1,119 shares of the technology company’s stock valued at $278,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBM. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group increased their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Jefferies Financial Group lifted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Up 0.2%

Shares of International Business Machines stock opened at $305.35 on Friday. The firm has a market cap of $285.42 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $324.90. The company’s 50-day simple moving average is $285.92 and its 200-day simple moving average is $271.35. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 company had revenue of $16.33 billion for 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%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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 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. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

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.