International Business Machines Corporation $IBM Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lowered its stake in International Business Machines Corporation (NYSE:IBM) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,679 shares of the technology company’s stock after selling 1,439 shares during the period. Ingalls & Snyder LLC’s holdings in International Business Machines were worth $4,622,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Lifestyle Asset Management Inc. raised 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 buying an additional 36 shares in the last quarter. Whelan Financial raised its holdings in International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC boosted its stake in International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after buying an additional 36 shares in the last quarter. Blue Edge Capital LLC grew its stake in shares of International Business Machines by 0.6% in the 1st 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. Finally, Johnson Bixby & Associates LLC boosted its stake in shares of International Business Machines by 3.3% in the 2nd 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 in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 8.0%

Shares of IBM opened at $307.78 on Friday. The company has a market capitalization of $286.05 billion, a PE ratio of 36.82, a PEG ratio of 4.69 and a beta of 0.73. The stock’s 50-day moving average price is $266.21 and its two-hundred day moving average price is $263.87. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $310.75.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period last year, the company earned $2.30 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. 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 year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is 80.38%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IBM shares. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday. BMO Capital Markets lifted their target price on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday. Jefferies Financial Group upped their price objective on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reduced their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Bank of America lifted their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

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.