Alliancebernstein L.P. Trims Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Alliancebernstein L.P. has reduced its stake in International Business Machines Corporation (IBM) by 6.8%, selling 108,184 shares, and now owns 1,483,287 shares valued at approximately $368.8 million.
• Several hedge funds, including Vanguard Group and Goldman Sachs, have increased their holdings in IBM, with Vanguard's position growing by 1.4% and Goldman Sachs by 20.8% in the first quarter.
• IBM recently reported a quarterly earnings of $2.80 EPS, beating analysts' expectations, alongside a quarterly dividend of $1.68 set to be paid on September 10th, reflecting a 2.8% dividend yield.

Alliancebernstein L.P. lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,483,287 shares of the technology company's stock after selling 108,184 shares during the period. Alliancebernstein L.P. owned 0.16% of International Business Machines worth $368,834,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $45,000. Finally, Park Square Financial Group LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $43,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.5%

Shares of International Business Machines stock traded up $1.29 during trading hours on Friday, hitting $248.47. The company's stock had a trading volume of 3,144,657 shares, compared to its average volume of 4,281,239. The firm has a fifty day moving average of $261.07 and a 200-day moving average of $257.11. International Business Machines Corporation has a twelve month low of $199.34 and a twelve month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $230.93 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 3.81 and a beta of 0.71.

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

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IBM shares. JPMorgan Chase & Co. upped their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $268.75.

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.