Brighton Jones LLC Lowers Stake in International Business Machines Corporation $IBM

Brighton Jones LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,042 shares of the technology company’s stock after selling 135 shares during the quarter. Brighton Jones LLC’s holdings in International Business Machines were worth $7,382,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBM. Leavell Investment Management Inc. boosted its position in International Business Machines by 8.6% during the second quarter. Leavell Investment Management Inc. now owns 23,327 shares of the technology company’s stock valued at $6,876,000 after purchasing an additional 1,853 shares in the last quarter. Brian Low Financial Group LLC purchased a new stake in shares of International Business Machines during the second quarter valued at about $1,436,000. B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of International Business Machines by 2.8% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 18,462 shares of the technology company’s stock valued at $5,442,000 after buying an additional 510 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs grew its position in shares of International Business Machines by 1.2% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 34,522 shares of the technology company’s stock worth $10,176,000 after buying an additional 406 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in shares of International Business Machines by 0.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 29,467 shares of the technology company’s stock worth $8,685,000 after acquiring an additional 149 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IBM has been the subject of several recent analyst reports. Bank of America raised their target price on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. Jefferies Financial Group lifted their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Morgan Stanley cut their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Performance

Shares of IBM stock opened at $307.78 on Friday. The business has a fifty day moving average of $266.21 and a 200 day moving average of $263.87. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $310.75. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. The firm has a market capitalization of $286.05 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 4.69 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given 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 yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.