Thoroughbred Financial Services LLC Has $1.26 Million Holdings in International Business Machines Corporation $IBM

Thoroughbred Financial Services LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 50.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,265 shares of the technology company’s stock after selling 4,418 shares during the period. Thoroughbred Financial Services LLC’s holdings in International Business Machines were worth $1,257,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of International Business Machines by 21.8% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,153 shares of the technology company’s stock worth $535,000 after acquiring an additional 386 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of International Business Machines by 2.6% during the first quarter. Diversify Advisory Services LLC now owns 7,191 shares of the technology company’s stock worth $1,722,000 after acquiring an additional 183 shares in the last quarter. Formidable Asset Management LLC boosted its position in International Business Machines by 2.1% during the first quarter. Formidable Asset Management LLC now owns 12,954 shares of the technology company’s stock valued at $3,221,000 after purchasing an additional 270 shares during the last quarter. Finally, St. Louis Trust Co grew its stake in International Business Machines by 32.3% in the first quarter. St. Louis Trust Co now owns 4,632 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 1,132 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets boosted their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Morgan Stanley lowered their target price 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. Jefferies Financial Group raised their price objective on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Bank of America raised their price target 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. Finally, Sanford C. Bernstein started 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 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Up 0.2%

IBM opened at $305.35 on Friday. 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 cap of $285.42 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 4.33 and a beta of 0.71. The firm’s 50-day simple moving average is $285.92 and its 200-day simple moving average is $271.58. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. 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 (DPR) is currently 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.