Meiji Yasuda Asset Management Co Ltd. Cuts Holdings in International Business Machines Corporation $IBM

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 64.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,713 shares of the technology company’s stock after selling 64,162 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in International Business Machines were worth $8,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Business Machines by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,112,092 shares of the technology company’s stock valued at $1,783,281,000 after buying an additional 722,582 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock valued at $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in International Business Machines by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock valued at $1,270,022,000 after buying an additional 24,790 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBM. Royal Bank Of Canada raised their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus target price of $268.75.

International Business Machines Trading Up 0.5%

Shares of IBM opened at $248.47 on Monday. The stock’s 50-day moving average is $261.07 and its two-hundred day moving average is $257.01. The stock has a market cap of $230.93 billion, a PE ratio of 40.34, a P/E/G ratio of 3.83 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $199.34 and a 12 month high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

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.