International Business Machines Corporation $IBM Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,516 shares of the technology company’s stock after selling 1,028 shares during the quarter. Davis R M Inc.’s holdings in International Business Machines were worth $3,100,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IBM. Vanguard Group Inc. grew its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of International Business Machines by 6.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company’s stock valued at $2,147,608,000 after buying an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company’s stock valued at $1,371,812,000 after buying an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after buying an additional 889,008 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in International Business Machines by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company’s stock worth $1,270,022,000 after buying an additional 24,790 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 1.9%

NYSE IBM opened at $306.64 on Monday. International Business Machines Corporation has a 12 month low of $204.07 and a 12 month high of $319.35. The company has a market capitalization of $286.63 billion, a P/E ratio of 36.68, a PEG ratio of 4.33 and a beta of 0.71. The company’s 50 day simple moving average is $279.45 and its 200 day simple moving average is $269.19. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced 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 of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IBM. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Stifel Nicolaus lowered their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. UBS Group lifted their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Finally, Jefferies Financial Group raised their target price on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average price target of $288.00.

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.