Jones Financial Companies Lllp Raises Position in International Business Machines Corporation $IBM

Jones Financial Companies Lllp lifted its stake in International Business Machines Corporation (NYSE:IBM) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,539 shares of the technology company’s stock after acquiring an additional 33,725 shares during the quarter. Jones Financial Companies Lllp’s holdings in International Business Machines were worth $40,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. bought a new stake in International Business Machines during the first quarter valued at approximately $31,000. Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Park Square Financial Group LLC bought a new stake in International Business Machines during the fourth quarter valued at approximately $43,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Down 1.4%

NYSE IBM opened at $253.46 on Monday. The company’s 50-day moving average price is $257.59 and its 200-day moving average price is $256.96. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $235.57 billion, a PE ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

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 company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IBM shares. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada upped their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Bank of America dropped their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $270.67.

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.