Vista Investment Partners LLC Trims Stake in International Business Machines Corporation $IBM

Vista Investment Partners LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 91.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 742 shares of the technology company’s stock after selling 8,098 shares during the period. Vista Investment Partners LLC’s holdings in International Business Machines were worth $219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC raised its stake in International Business Machines by 0.3% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 91,837 shares of the technology company’s stock valued at $26,814,000 after acquiring an additional 300 shares during the last quarter. Atticus Wealth Management LLC increased its position in International Business Machines by 127.2% during the 2nd quarter. Atticus Wealth Management LLC now owns 1,027 shares of the technology company’s stock worth $303,000 after purchasing an additional 575 shares during the period. Wedmont Private Capital increased its position in International Business Machines by 9.3% during the 2nd quarter. Wedmont Private Capital now owns 13,065 shares of the technology company’s stock worth $3,791,000 after purchasing an additional 1,112 shares during the period. Tompkins Financial Corp increased its position in International Business Machines by 0.5% during the 2nd quarter. Tompkins Financial Corp now owns 9,117 shares of the technology company’s stock worth $2,688,000 after purchasing an additional 45 shares during the period. Finally, Uptown Financial Advisors LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth approximately $219,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $258.92 on Thursday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The firm has a market capitalization of $240.64 billion, a P/E ratio of 42.03, a PEG ratio of 3.97 and a beta of 0.71. The firm’s 50 day moving average is $255.59 and its two-hundred day moving average is $257.00. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

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

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research reports. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Bank of America lowered their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average price target of $275.00.

International Business Machines Company 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.