International Business Machines Corporation $IBM Shares Bought by SouthState Corp

SouthState Corp raised its holdings in International Business Machines Corporation (NYSE:IBM) by 15.5% during the 2nd quarter, Holdings Channel reports. The firm owned 33,614 shares of the technology company’s stock after buying an additional 4,523 shares during the quarter. SouthState Corp’s holdings in International Business Machines were worth $9,909,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBM. Family CFO Inc acquired a new stake in International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the first quarter worth approximately $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners increased 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 purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on IBM shares. Royal Bank Of Canada dropped their price target on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Stifel Nicolaus dropped their price target on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Sanford C. Bernstein started coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $306.91 on Thursday. International Business Machines Corporation has a 52 week low of $204.07 and a 52 week high of $319.35. The business’s fifty day simple moving average is $276.85 and its 200-day simple moving average is $268.03. The firm has a market cap of $286.88 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the prior year, the company posted $2.30 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

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.