Envestnet Portfolio Solutions Inc. Has $5.69 Million Position in International Business Machines Corporation $IBM

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,310 shares of the technology company’s stock after buying an additional 1,529 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in International Business Machines were worth $5,692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBM. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at $396,000. Brooklyn Investment Group boosted its stake in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA boosted its stake in shares of International Business Machines by 5.7% in the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC boosted its stake in shares of International Business Machines by 1,547.8% in the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its holdings in shares of International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after buying an additional 2,399 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research analyst reports. Bank of America cut their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $276.12 on Wednesday. The stock has a market capitalization of $256.63 billion, a P/E ratio of 44.83, a P/E/G ratio of 4.27 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. 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 business has a 50-day moving average price of $259.20 and a two-hundred day moving average price of $261.11.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is presently 109.09%.

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.