Paragon Capital Management LLC Decreases Stock Position in International Business Machines Corporation $IBM

Paragon Capital Management LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,056 shares of the technology company’s stock after selling 342 shares during the quarter. International Business Machines accounts for approximately 2.6% of Paragon Capital Management LLC’s holdings, making the stock its 13th largest holding. Paragon Capital Management LLC’s holdings in International Business Machines were worth $5,028,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in shares of International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after acquiring an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA boosted its holdings in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares during the last quarter. Vise Technologies Inc. acquired a new stake in International Business Machines during the 2nd quarter worth about $16,565,000. Wedbush Securities Inc. grew its position in International Business Machines by 5.6% during the 1st quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after purchasing an additional 3,276 shares during the period. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new position in shares of International Business Machines during the 1st quarter valued at about $4,608,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on IBM. UBS Group raised their target price on International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday, October 23rd. Royal Bank Of Canada dropped their price objective on shares of 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. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. BMO Capital Markets increased 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 note on Thursday, October 23rd. Finally, Morgan Stanley cut their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Up 0.2%

Shares of International Business Machines stock opened at $305.35 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $324.90. The firm has a market capitalization of $285.42 billion, a PE ratio of 36.53, a P/E/G ratio of 4.33 and a beta of 0.71. The firm’s 50-day moving average price is $285.92 and its 200 day moving average price is $271.35.

International Business Machines (NYSE:IBM) last issued 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 firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same period in the previous year, the company posted $2.30 earnings per share. 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. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is 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.