Summit Investment Advisors Inc. Decreases Holdings in International Business Machines Corporation $IBM

Summit Investment Advisors Inc. lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,788 shares of the technology company’s stock after selling 4,523 shares during the period. Summit Investment Advisors Inc.’s holdings in International Business Machines were worth $7,904,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter valued at $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the first quarter worth $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IBM. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Morgan Stanley dropped their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, Bank of America lifted their target price on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Down 1.9%

Shares of NYSE IBM opened at $306.64 on Friday. The stock has a market capitalization of $286.63 billion, a PE ratio of 36.68, a PEG ratio of 4.33 and a beta of 0.71. 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 fifty day simple moving average of $279.45 and a 200-day simple moving average of $268.83. International Business Machines Corporation has a twelve month low of $204.07 and a twelve month high of $319.35.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, 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. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.