Bahl & Gaynor Inc. Grows Position in International Business Machines Corporation $IBM

Bahl & Gaynor Inc. raised its stake in shares of International Business Machines Corporation (NYSE:IBM) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,351 shares of the technology company’s stock after purchasing an additional 771 shares during the quarter. Bahl & Gaynor Inc.’s holdings in International Business Machines were worth $3,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaCore Capital LLC increased its position in shares of International Business Machines by 12.5% in the 2nd quarter. AlphaCore Capital LLC now owns 5,551 shares of the technology company’s stock valued at $1,636,000 after acquiring an additional 617 shares during the period. Mufg Securities Americas Inc. lifted its position in International Business Machines by 25.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 20,598 shares of the technology company’s stock worth $6,072,000 after acquiring an additional 4,231 shares during the period. Evelyn Partners Investment Management LLP grew its stake in International Business Machines by 6,151.0% during the 2nd quarter. Evelyn Partners Investment Management LLP now owns 12,752 shares of the technology company’s stock valued at $3,759,000 after purchasing an additional 12,548 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in International Business Machines by 19.0% during the 2nd quarter. Journey Strategic Wealth LLC now owns 18,641 shares of the technology company’s stock valued at $5,495,000 after purchasing an additional 2,970 shares during the last quarter. Finally, CFC Planning Co LLC increased its holdings in shares of International Business Machines by 6.3% in the second quarter. CFC Planning Co LLC now owns 8,278 shares of the technology company’s stock valued at $2,440,000 after purchasing an additional 488 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $297.36 on Friday. The firm has a market cap of $277.95 billion, a PE ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average price of $289.55 and a 200 day moving average price of $273.24.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate 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%.International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share 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. Investors of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research reports. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. Oppenheimer began coverage on shares of International Business Machines in a research report on Friday. They set an “outperform” rating and a $360.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. BMO Capital Markets increased their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group raised their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. One investment 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, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $291.08.

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.