Wealth Quarterback LLC Cuts Stock Holdings in International Business Machines Corporation $IBM

Wealth Quarterback LLC lowered its stake in International Business Machines Corporation (NYSE:IBM) by 5.5% during the second quarter, Holdings Channel.com reports. The firm owned 3,313 shares of the technology company’s stock after selling 194 shares during the quarter. Wealth Quarterback LLC’s holdings in International Business Machines were worth $977,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lifestyle Asset Management Inc. lifted its holdings in International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after buying an additional 36 shares during the last quarter. Whelan Financial grew its stake in shares of 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 purchasing an additional 36 shares during the last quarter. Ignite Planners LLC raised its position in International Business Machines by 0.9% during the 2nd 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 during the last quarter. Blue Edge Capital LLC lifted its position in International Business Machines by 0.6% in the first 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 second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.6%

NYSE IBM opened at $313.98 on Wednesday. The company’s fifty day simple moving average is $282.22 and its 200-day simple moving average is $270.32. International Business Machines Corporation has a 52 week low of $204.07 and a 52 week high of $319.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market cap of $293.49 billion, a P/E ratio of 37.56, a PEG ratio of 4.33 and a beta of 0.71.

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

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.1%. International Business Machines’s payout ratio is 80.38%.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. UBS Group increased their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada lowered their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average 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.