International Business Machines Corporation $IBM Holdings Reduced by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,887 shares of the technology company’s stock after selling 254 shares during the period. MPS Loria Financial Planners LLC’s holdings in International Business Machines were worth $556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family CFO Inc bought a new position in International Business Machines in the 2nd quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth about $28,000. Highline Wealth Partners LLC grew its position in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Finally, Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth about $31,000. Institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. The Goldman Sachs Group increased their price objective 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. Bank of America decreased 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. 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 objective for the company. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $286.38.

International Business Machines Stock Up 1.8%

IBM stock opened at $280.95 on Friday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The firm has a market cap 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 firm has a 50 day simple moving average of $261.07 and a 200 day simple moving average of $261.65. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating 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 business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business earned $2.43 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.4%. 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.