Adamsbrown Wealth Consultants LLC Takes Position in International Business Machines Corporation $IBM

Adamsbrown Wealth Consultants LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 870 shares of the technology company’s stock, valued at approximately $256,000.

Several other large investors also recently made changes to their positions in IBM. Atwood & Palmer Inc. boosted its stake in International Business Machines by 1.2% during the 2nd quarter. Atwood & Palmer Inc. now owns 4,200 shares of the technology company’s stock valued at $1,238,000 after purchasing an additional 51 shares during the last quarter. Richard P Slaughter Associates Inc acquired a new position in International Business Machines during the 2nd quarter valued at about $215,000. Canandaigua National Trust Co of Florida acquired a new position in International Business Machines during the 2nd quarter valued at about $254,000. RMR Wealth Builders boosted its stake in International Business Machines by 20.3% during the 2nd quarter. RMR Wealth Builders now owns 10,046 shares of the technology company’s stock valued at $2,961,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Goldstone Financial Group LLC boosted its stake in International Business Machines by 8.1% during the 2nd quarter. Goldstone Financial Group LLC now owns 2,600 shares of the technology company’s stock valued at $759,000 after purchasing an additional 194 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.4%

NYSE:IBM opened at $253.46 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $235.57 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71. The firm’s 50 day moving average is $257.59 and its 200 day moving average is $256.96. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IBM shares. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $270.67.

International Business Machines 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.