Outfitter Financial LLC Decreases Stock Holdings in International Business Machines Corporation $IBM

Outfitter Financial LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 25.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,417 shares of the technology company’s stock after selling 805 shares during the period. Outfitter Financial LLC’s holdings in International Business Machines were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of IBM. Brighton Jones LLC raised its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Brown Advisory Inc. raised its holdings in International Business Machines by 1.4% during the 1st quarter. Brown Advisory Inc. now owns 266,145 shares of the technology company’s stock valued at $66,180,000 after buying an additional 3,757 shares during the period. Stratos Investment Management LLC raised its holdings in International Business Machines by 5.5% during the 1st quarter. Stratos Investment Management LLC now owns 2,249 shares of the technology company’s stock valued at $559,000 after buying an additional 117 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in International Business Machines by 8.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,411 shares of the technology company’s stock valued at $1,097,000 after buying an additional 353 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in International Business Machines by 8.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,177 shares of the technology company’s stock valued at $289,000 after buying an additional 96 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBM. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday, October 21st. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. 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. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Royal Bank Of Canada reduced their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.00.

International Business Machines Price Performance

IBM opened at $306.91 on Thursday. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The business’s fifty day simple moving average is $276.85 and its 200-day simple moving average is $268.03. The company has a market capitalization of $286.88 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $16.10 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share 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. Stockholders 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 dividend yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.