Addison Advisors LLC Raises Stock Holdings in International Business Machines Corporation $IBM

Addison Advisors LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 4.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,210 shares of the technology company’s stock after acquiring an additional 244 shares during the period. Addison Advisors LLC’s holdings in International Business Machines were worth $1,536,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. New York State Common Retirement Fund boosted its position in International Business Machines by 2.0% in the 1st quarter. New York State Common Retirement Fund now owns 1,204,831 shares of the technology company’s stock valued at $299,593,000 after buying an additional 23,100 shares during the period. Schechter Investment Advisors LLC boosted its position in International Business Machines by 12.5% in the 1st quarter. Schechter Investment Advisors LLC now owns 7,148 shares of the technology company’s stock valued at $1,777,000 after buying an additional 797 shares during the period. Pittenger & Anderson Inc. grew its stake in International Business Machines by 2.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 15,910 shares of the technology company’s stock worth $3,956,000 after acquiring an additional 425 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of International Business Machines during the first quarter worth approximately $85,000. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IBM shares. UBS Group boosted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Stifel Nicolaus lowered their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Down 1.9%

NYSE:IBM opened at $306.64 on Monday. The company’s 50-day simple moving average is $279.45 and its 200-day simple moving average is $269.19. 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 fifty-two week low of $204.07 and a fifty-two week high of $319.35. The stock has a market capitalization of $286.63 billion, a P/E ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71.

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

International Business Machines Announces Dividend

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

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.