International Business Machines Corporation $IBM Shares Bought by Aspen Investment Management Inc

Aspen Investment Management Inc grew its holdings in International Business Machines Corporation (NYSE:IBM) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,079 shares of the technology company’s stock after purchasing an additional 522 shares during the quarter. Aspen Investment Management Inc’s holdings in International Business Machines were worth $2,087,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the 2nd quarter worth $25,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter valued at about $28,000. Highline Wealth Partners LLC grew its holdings 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 purchasing an additional 51 shares during the period. Dagco Inc. purchased a new position in International Business Machines during the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners boosted its holdings 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 valued at $32,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM stock opened at $290.24 on Wednesday. The business’s 50-day moving average is $287.37 and its two-hundred day moving average is $272.51. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $271.29 billion, a P/E ratio of 34.72, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $206.19 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is presently 80.38%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBM. Bank of America raised their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Jefferies Financial Group raised their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

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.