LRI Investments LLC Trims Holdings in International Business Machines Corporation $IBM

LRI Investments LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,232 shares of the technology company’s stock after selling 233 shares during the period. LRI Investments LLC’s holdings in International Business Machines were worth $1,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in International Business Machines by 3.0% in the 2nd quarter. CWM LLC now owns 122,623 shares of the technology company’s stock valued at $36,147,000 after purchasing an additional 3,537 shares in the last quarter. Sippican Capital Advisors acquired a new position in shares of International Business Machines during the 2nd quarter valued at about $226,000. OFI Invest Asset Management increased its stake in shares of International Business Machines by 22.5% during the 2nd quarter. OFI Invest Asset Management now owns 21,205 shares of the technology company’s stock valued at $6,251,000 after acquiring an additional 3,896 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its stake in shares of International Business Machines by 1.4% during the 2nd quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 18,796 shares of the technology company’s stock valued at $5,541,000 after acquiring an additional 263 shares during the last quarter. Finally, Means Investment CO. Inc. increased its stake in shares of International Business Machines by 7.1% during the 2nd quarter. Means Investment CO. Inc. now owns 8,336 shares of the technology company’s stock valued at $2,457,000 after acquiring an additional 551 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of 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 upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday. Bank of America dropped 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 research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Down 3.5%

IBM opened at $278.09 on Friday. The firm has a 50 day moving average price of $258.19 and a 200 day moving average price of $260.68. The company has a market cap of $258.45 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. 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.