International Business Machines Corporation $IBM Shares Sold by Wealth Quarterback LLC

Wealth Quarterback LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 5.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,313 shares of the technology company’s stock after selling 194 shares during the period. Wealth Quarterback LLC’s holdings in International Business Machines were worth $977,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IBM. SBI Securities Co. Ltd. raised its position in shares of International Business Machines by 0.3% in the second quarter. SBI Securities Co. Ltd. now owns 89,800 shares of the technology company’s stock valued at $26,471,000 after buying an additional 309 shares during the last quarter. Advyzon Investment Management LLC raised its holdings in International Business Machines by 3.4% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,472 shares of the technology company’s stock valued at $434,000 after acquiring an additional 48 shares during the last quarter. Tiemann Investment Advisors LLC lifted its stake in International Business Machines by 5.0% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,780 shares of the technology company’s stock worth $525,000 after purchasing an additional 85 shares in the last quarter. VeraBank N.A. boosted its holdings in shares of International Business Machines by 50.3% during the 2nd quarter. VeraBank N.A. now owns 2,260 shares of the technology company’s stock worth $666,000 after purchasing an additional 756 shares during the last quarter. Finally, Fagan Associates Inc. grew its position in shares of International Business Machines by 10.7% in the second quarter. Fagan Associates Inc. now owns 8,765 shares of the technology company’s stock valued at $2,584,000 after purchasing an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IBM. Bank of America boosted their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. 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 price target on the stock. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Royal Bank Of Canada cut 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 report on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

Shares of IBM stock opened at $313.98 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $293.49 billion, a P/E ratio of 37.56, a P/E/G ratio of 4.33 and a beta of 0.71. The firm’s 50 day moving average price is $282.22 and its 200-day moving average price is $270.32. International Business Machines Corporation has a one year low of $204.07 and a one year high of $319.35.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating 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 firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter last year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.1%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.