Fund Advisors of America Inc FL Takes Position in International Business Machines Corporation $IBM

Fund Advisors of America Inc FL bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,316 shares of the technology company’s stock, valued at approximately $3,056,000. International Business Machines makes up about 2.8% of Fund Advisors of America Inc FL’s portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CVA Family Office LLC boosted its stake in shares of International Business Machines by 1.4% during the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after buying an additional 33 shares during the last quarter. Foster Group Inc. boosted its stake in shares of International Business Machines by 1.3% during the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock valued at $742,000 after buying an additional 33 shares during the last quarter. New Covenant Trust Company N.A. boosted its stake in shares of International Business Machines by 3.8% during the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after buying an additional 33 shares during the last quarter. McGowan Group Asset Management Inc. boosted its stake in shares of International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after buying an additional 33 shares during the last quarter. Finally, CFS Investment Advisory Services LLC boosted its stake in shares of International Business Machines by 0.4% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock valued at $2,878,000 after buying an additional 34 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a research note on Friday, April 24th. Wedbush reiterated an “outperform” rating on shares of International Business Machines in a research note on Thursday. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and increased their target price for the company from $218.00 to $231.00 in a research note on Tuesday, April 28th. Argus set a $360.00 price objective on International Business Machines in a research note on Friday, January 30th. Finally, Royal Bank Of Canada reduced their price objective on International Business Machines from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.41.

International Business Machines Stock Performance

Shares of IBM opened at $253.14 on Friday. The business’s fifty day moving average price is $238.60 and its 200 day moving average price is $272.57. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $324.90. The stock has a market capitalization of $237.92 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.33 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines’s dividend payout ratio is 59.77%.

Insiders Place Their Bets

In related news, Director Michael Miebach bought 434 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by corporate insiders.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM will receive $1 billion of U.S. funding to support a new quantum foundry and wafer manufacturing facility, strengthening its position in the emerging quantum-computing market. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award
• Positive Sentiment: The Commerce Department letter of intent and CHIPS-backed investment signal government support for IBM’s quantum roadmap, improving confidence in future growth and commercialization. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry
• Positive Sentiment: Analyst commentary and options activity suggest traders are betting on further upside as IBM becomes a leading “quantum play” tied to the broader AI boom. Traders think this legacy tech stock is the ultimate quantum play

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.