International Business Machines Corporation $IBM Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 7.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,324 shares of the technology company’s stock after selling 786 shares during the quarter. Marks Group Wealth Management Inc’s holdings in International Business Machines were worth $2,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter valued at about $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IBM shares. JPMorgan Chase & Co. boosted 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. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $284.62.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $288.62 on Monday. The firm has a market cap of $268.25 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. 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 has a fifty day simple moving average of $255.18 and a 200 day simple moving average of $259.38.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 analyst estimates of $16.58 billion. During the same period in the prior year, the firm posted $2.43 EPS. The business’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, sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is currently 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.