Somerville Kurt F Sells 200 Shares of International Business Machines Corporation $IBM

Somerville Kurt F decreased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,192 shares of the technology company’s stock after selling 200 shares during the period. Somerville Kurt F’s holdings in International Business Machines were worth $941,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IBM. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% during the 4th 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 in the last quarter. Miracle Mile Advisors LLC boosted its stake in shares of International Business Machines by 4.3% during the 1st quarter. Miracle Mile Advisors LLC now owns 3,889 shares of the technology company’s stock valued at $967,000 after purchasing an additional 159 shares in the last quarter. City Holding Co. boosted its stake in shares of International Business Machines by 2.2% during the 1st quarter. City Holding Co. now owns 3,691 shares of the technology company’s stock valued at $918,000 after purchasing an additional 78 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of International Business Machines by 47.5% during the 1st quarter. Farther Finance Advisors LLC now owns 26,892 shares of the technology company’s stock valued at $6,732,000 after purchasing an additional 8,664 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock valued at $1,195,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 1.5%

Shares of International Business Machines stock opened at $293.84 on Wednesday. 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 stock has a market capitalization of $273.10 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 4.46 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a 50-day simple moving average of $256.34 and a two-hundred day simple moving average of $259.93.

International Business Machines (NYSE:IBM) last issued 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. The business 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 business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is 109.09%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. UBS Group lifted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $284.62.

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.