Freedom Investment Management Inc. Sells 872 Shares of International Business Machines Corporation $IBM

Freedom Investment Management Inc. reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,416 shares of the technology company’s stock after selling 872 shares during the quarter. Freedom Investment Management Inc.’s holdings in International Business Machines were worth $2,776,000 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 IBM. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines in the 1st quarter valued at about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners increased its stake in shares of International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 2.0%

Shares of International Business Machines stock opened at $287.57 on Thursday. The business has a fifty day simple moving average of $263.92 and a two-hundred day simple moving average of $262.56. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The company has a market capitalization of $267.27 billion, a price-to-earnings ratio of 46.68, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business 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 posted $2.30 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus increased their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $289.08.

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.