Asahi Life Asset Management CO. LTD. Lowers Holdings in International Business Machines Corporation $IBM

Asahi Life Asset Management CO. LTD. trimmed its position in International Business Machines Corporation (NYSE:IBM) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,992 shares of the technology company’s stock after selling 1,756 shares during the period. International Business Machines makes up about 1.7% of Asahi Life Asset Management CO. LTD.’s holdings, making the stock its 16th biggest position. Asahi Life Asset Management CO. LTD.’s holdings in International Business Machines were worth $2,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ROI Financial Advisors LLC grew its position in International Business Machines by 11.0% in the 2nd quarter. ROI Financial Advisors LLC now owns 11,447 shares of the technology company’s stock valued at $3,374,000 after buying an additional 1,135 shares during the last quarter. First Horizon Advisors Inc. grew its position in International Business Machines by 0.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 188,150 shares of the technology company’s stock valued at $55,463,000 after buying an additional 1,027 shares during the last quarter. Trillium Asset Management LLC grew its position in International Business Machines by 3.4% in the 2nd quarter. Trillium Asset Management LLC now owns 2,511 shares of the technology company’s stock valued at $740,000 after buying an additional 82 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in International Business Machines in the 2nd quarter valued at $217,000. Finally, TKG Advisors LLC grew its position in International Business Machines by 112.5% in the 2nd quarter. TKG Advisors LLC now owns 26,162 shares of the technology company’s stock valued at $7,712,000 after buying an additional 13,852 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. BMO Capital Markets boosted their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. UBS Group boosted their target price on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Bank of America boosted their target price on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Up 2.0%

NYSE:IBM opened at $306.91 on Thursday. The company has a market capitalization of $286.88 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 52-week low of $204.07 and a 52-week high of $319.35. The stock has a fifty day simple moving average of $276.85 and a 200-day simple moving average of $268.03.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during 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 was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is 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.