Birchbrook Inc. Reduces Position in International Business Machines Corporation $IBM

Birchbrook Inc. cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,886 shares of the technology company’s stock after selling 224 shares during the quarter. International Business Machines comprises approximately 1.1% of Birchbrook Inc.’s holdings, making the stock its 18th biggest position. Birchbrook Inc.’s holdings in International Business Machines were worth $1,961,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter valued at about $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter valued at about $31,000. Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new stake in International Business Machines during the fourth quarter valued at about $43,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.1%

IBM stock opened at $257.01 on Friday. 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 company’s 50 day moving average is $258.35 and its 200 day moving average is $256.95. The stock has a market cap of $238.87 billion, a price-to-earnings ratio of 41.72, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM) last posted 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 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

Analysts Set New Price Targets

IBM has been the topic of several recent research reports. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.