International Business Machines Corporation $IBM Shares Sold by Investment Partners LTD.

Investment Partners LTD. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,306 shares of the technology company’s stock after selling 426 shares during the period. Investment Partners LTD.’s holdings in International Business Machines were worth $975,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBM. Lifestyle Asset Management Inc. boosted its holdings in International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares in the last quarter. Whelan Financial increased its position in shares of International Business Machines by 2.4% during the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares in the last quarter. Ignite Planners LLC lifted its holdings in shares of International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 36 shares during the last quarter. Blue Edge Capital LLC grew its stake in International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC increased its position in International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after buying an additional 39 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. UBS Group upped their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Finally, Jefferies Financial Group raised their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

IBM opened at $311.58 on Thursday. The stock’s 50 day simple moving average is $283.64 and its 200 day simple moving average is $270.64. The stock has a market cap of $291.25 billion, a P/E ratio of 37.29, a P/E/G ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $204.07 and a 1-year high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

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. 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 during the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’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, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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