Rebalance LLC Decreases Stock Position in International Business Machines Corporation $IBM

Rebalance LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,867 shares of the technology company’s stock after selling 556 shares during the period. Rebalance LLC’s holdings in International Business Machines were worth $1,140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Brighton Jones LLC boosted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares during the period. Park Square Financial Group LLC purchased a new position in International Business Machines in the fourth quarter valued at $43,000. 111 Capital purchased a new position in International Business Machines in the fourth quarter valued at $292,000. Mascagni Wealth Management Inc. purchased a new position in International Business Machines in the fourth quarter valued at $43,000. Finally, Wellington Management Group LLP boosted its holdings in International Business Machines by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 231,021 shares of the technology company’s stock valued at $50,785,000 after purchasing an additional 3,206 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Melius Research raised International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Stifel Nicolaus lifted their price target on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $275.00.

International Business Machines Stock Performance

NYSE IBM opened at $281.76 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The business’s 50 day moving average is $254.09 and its two-hundred day moving average is $257.72. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The stock has a market capitalization of $261.86 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 4.12 and a beta of 0.71.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (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 company 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 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.4%. International Business Machines’s payout ratio is presently 109.09%.

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.