Revisor Wealth Management LLC Sells 96 Shares of International Business Machines Corporation $IBM

Revisor Wealth Management LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 2.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,651 shares of the technology company’s stock after selling 96 shares during the quarter. Revisor Wealth Management LLC’s holdings in International Business Machines were worth $1,046,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBM. GAMMA Investing LLC raised its holdings in shares of International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock valued at $10,940,520,000 after purchasing an additional 4,384,958 shares in the last quarter. GQG Partners LLC purchased a new position in shares of International Business Machines in the 1st quarter worth approximately $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines in the 1st quarter worth approximately $960,386,000. Vanguard Group Inc. grew its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $271.87 on Tuesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a fifty day moving average of $254.58 and a two-hundred day moving average of $257.38. The stock has a market capitalization of $252.67 billion, a PE ratio of 44.13, a P/E/G ratio of 4.10 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.5%. International Business Machines’s dividend payout ratio is currently 109.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IBM shares. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. 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. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. Finally, Bank of America dropped their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $275.00.

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.