Aspiriant LLC Sells 129 Shares of International Business Machines Corporation $IBM

Aspiriant LLC lowered its stake in International Business Machines Corporation (NYSE:IBM) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,717 shares of the technology company’s stock after selling 129 shares during the quarter. Aspiriant LLC’s holdings in International Business Machines were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Koshinski Asset Management Inc. lifted its holdings in shares of International Business Machines by 2.2% in the second quarter. Koshinski Asset Management Inc. now owns 4,797 shares of the technology company’s stock worth $1,414,000 after acquiring an additional 102 shares during the last quarter. Kondo Wealth Advisors Inc. bought a new position in International Business Machines in the 2nd quarter valued at approximately $222,000. Lutz Financial Services LLC bought a new position in International Business Machines in the 2nd quarter valued at approximately $210,000. ShoreHaven Wealth Partners LLC bought a new position in International Business Machines in the 2nd quarter valued at approximately $219,000. Finally, Huntleigh Advisors Inc. raised its holdings in International Business Machines by 7.2% in the 2nd quarter. Huntleigh Advisors Inc. now owns 1,677 shares of the technology company’s stock valued at $495,000 after buying an additional 113 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBM. Sanford C. Bernstein began 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 objective for the company. JPMorgan Chase & Co. raised their price objective 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. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, Bank of America dropped their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $286.38.

International Business Machines Stock Performance

NYSE:IBM opened at $280.95 on Friday. The company has a market capitalization of $261.12 billion, a PE ratio of 45.61, a P/E/G ratio of 4.24 and a beta of 0.73. The company has a 50 day simple moving average of $261.07 and a two-hundred day simple moving average of $261.65. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04.

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 analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current 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 given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis 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 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.