International Business Machines Corporation $IBM Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 233,468 shares of the technology company’s stock after selling 2,917 shares during the period. Keybank National Association OH’s holdings in International Business Machines were worth $68,822,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the 1st quarter worth about $28,000. Highline Wealth Partners LLC increased its holdings in International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the period. Finally, Dagco Inc. purchased a new stake in International Business Machines during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus cut their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley cut their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Royal Bank Of Canada cut their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Trading Down 1.4%

IBM opened at $308.17 on Thursday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $319.35. The company has a market cap of $288.05 billion, a P/E ratio of 36.86, a PEG ratio of 4.39 and a beta of 0.73. 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 business’s 50-day simple moving average is $270.43 and its 200-day simple moving average is $265.70.

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

International Business Machines Dividend Announcement

The company also recently declared 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. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 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.