Lazari Capital Management Inc. Has $482,000 Position in International Business Machines Corporation $IBM

Lazari Capital Management Inc. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,634 shares of the technology company’s stock after selling 150 shares during the quarter. Lazari Capital Management Inc.’s holdings in International Business Machines were worth $482,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Lifestyle Asset Management Inc. grew its holdings in International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the period. Blue Edge Capital LLC grew its holdings in International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 39 shares during the period. Johnson Bixby & Associates LLC grew its holdings in International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares during the period. Tacita Capital Inc grew its holdings in International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 40 shares during the period. Finally, Vestia Personal Wealth Advisors grew its holdings in International Business Machines by 3.1% during the second quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company’s stock valued at $396,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $284.72 on Monday. The company’s fifty day simple moving average is $254.07 and its 200-day simple moving average is $258.11. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM) last posted its quarterly 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 net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the firm posted $2.43 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared 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. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Sanford C. Bernstein started coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. Royal Bank Of Canada upped their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average target price of $275.00.

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.