Barnes Pettey Financial Advisors LLC Acquires Shares of 789 International Business Machines Corporation $IBM

Barnes Pettey Financial Advisors LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent filing with the SEC. The fund bought 789 shares of the technology company’s stock, valued at approximately $233,000.

Other institutional investors also recently added to or reduced their stakes in the company. Family CFO Inc purchased a new position in International Business Machines in the second quarter valued at about $25,000. Winnow Wealth LLC purchased a new position in International Business Machines in the second quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the first quarter valued at $28,000. Dagco Inc. purchased a new stake in International Business Machines in the first quarter worth $31,000. Finally, Silicon Valley Capital Partners raised its stake in shares of International Business Machines by 322.6% in 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. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on IBM. BMO Capital Markets increased their price target on 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. Oppenheimer initiated coverage on shares of International Business Machines in a research report on Friday. They set an “outperform” rating and a $360.00 target price for the company. Bank of America boosted their price target on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley cut their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $291.08.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $297.36 on Friday. The company has a 50 day moving average of $289.55 and a 200 day moving average of $273.24. The stock has a market cap of $277.95 billion, a P/E ratio of 35.57, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

International Business Machines Company Profile

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.