International Business Machines Corporation $IBM Holdings Decreased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 25.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the technology company’s stock after selling 289 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in International Business Machines were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the first quarter valued at $28,000. Dagco Inc. acquired a new stake in International Business Machines during the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $278.09 on Friday. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The business has a 50-day moving average of $258.19 and a two-hundred day moving average of $260.68. The stock has a market capitalization of $258.45 billion, a P/E ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

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

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBM shares. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.62.

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.