Allworth Financial LP Purchases 77,229 Shares of International Business Machines Corporation $IBM

Allworth Financial LP grew its position in International Business Machines Corporation (NYSE:IBM) by 102.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,471 shares of the technology company’s stock after purchasing an additional 77,229 shares during the quarter. Allworth Financial LP’s holdings in International Business Machines were worth $44,945,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter worth $25,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the first quarter valued at about $28,000. Highline Wealth Partners LLC grew its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares in the last quarter. Dagco Inc. bought a new position in International Business Machines during the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners raised its stake in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on IBM shares. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Bank of America increased their price target on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley cut their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus decreased their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Down 1.9%

Shares of IBM stock opened at $306.64 on Monday. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week high of $319.35. The stock’s fifty day moving average price is $279.45 and its two-hundred day moving average price 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. The company has a market cap of $286.63 billion, a PE ratio of 36.68, a P/E/G ratio of 4.33 and a beta of 0.71.

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, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the company earned $2.30 EPS. International Business Machines’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business 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 $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. 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.