International Business Machines Corporation $IBM Holdings Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in International Business Machines Corporation (NYSE:IBM) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,082 shares of the technology company’s stock after selling 43,996 shares during the period. Russell Investments Group Ltd.’s holdings in International Business Machines were worth $172,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter worth $25,000. Winnow Wealth LLC bought a new stake in International Business Machines in the second quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter valued at $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners grew its position in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

NYSE IBM opened at $304.43 on Wednesday. International Business Machines Corporation has a 12 month low of $214.50 and a 12 month high of $324.90. The firm has a market capitalization of $284.56 billion, a PE ratio of 36.42, a P/E/G ratio of 4.33 and a beta of 0.71. The company’s 50 day simple moving average is $291.46 and its 200 day simple moving average is $274.13. 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 quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period last year, the company posted $2.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on IBM. Bank of America lifted their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. BMO Capital Markets boosted their price objective on 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. Morgan Stanley lowered their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Oppenheimer assumed coverage on International Business Machines in a research note on Friday. They set an “outperform” rating and a $360.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.08.

International Business Machines Company 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.