Guyasuta Investment Advisors Inc. Trims Position in International Business Machines Corporation $IBM

Guyasuta Investment Advisors Inc. lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,729 shares of the technology company’s stock after selling 41 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in International Business Machines were worth $14,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barry Investment Advisors LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $294,000. Worth Financial Advisory Group LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth about $217,000. Clear Point Advisors Inc. increased its position in shares of International Business Machines by 5.1% during the 2nd quarter. Clear Point Advisors Inc. now owns 933 shares of the technology company’s stock worth $275,000 after purchasing an additional 45 shares during the last quarter. Uncommon Cents Investing LLC increased its position in shares of International Business Machines by 0.6% during the 2nd quarter. Uncommon Cents Investing LLC now owns 9,235 shares of the technology company’s stock worth $2,722,000 after purchasing an additional 57 shares during the last quarter. Finally, BayBridge Capital Group LLC increased its position in shares of International Business Machines by 3.0% during the 2nd quarter. BayBridge Capital Group LLC now owns 5,284 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 154 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on 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. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. The Goldman Sachs Group raised their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $275.00.

International Business Machines Stock Performance

NYSE IBM opened at $284.72 on Friday. The company has a market cap of $264.62 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a 50-day moving average of $254.07 and a two-hundred day moving average of $258.03. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s payout ratio is currently 109.09%.

International Business Machines Company 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.