Ameritas Advisory Services LLC Cuts Position in International Business Machines Corporation $IBM

Key Points

• Ameritas Advisory Services LLC has reduced its stake in International Business Machines Corporation (IBM) by 40.5%, owning a total of 7,935 shares valued at approximately $2.34 million.
• Several hedge funds have recently modified their positions in IBM, indicating a diversified interest among investors despite the company's fluctuating stock prices.
• Wall Street analysts maintain a mixed outlook on IBM with a consensus rating of "Hold" and an average target price of $284.62, while the company has reported a 7.7% increase in quarterly revenue compared to the previous year.

Ameritas Advisory Services LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 40.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,935 shares of the technology company's stock after selling 5,403 shares during the period. Ameritas Advisory Services LLC's holdings in International Business Machines were worth $2,339,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Lifestyle Asset Management Inc. raised its holdings in International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock valued at $632,000 after buying an additional 36 shares during the period. Blue Edge Capital LLC raised its stake in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after purchasing an additional 39 shares during the period. Johnson Bixby & Associates LLC raised its stake in shares of International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock valued at $356,000 after purchasing an additional 39 shares during the period. Tacita Capital Inc raised its stake in shares of International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock valued at $58,000 after purchasing an additional 40 shares during the period. Finally, Vestia Personal Wealth Advisors raised its stake in shares of International Business Machines by 3.1% during the second quarter. Vestia Personal Wealth Advisors now owns 1,345 shares of the technology company's stock valued at $396,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Stifel Nicolaus lifted 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. Royal Bank Of Canada lifted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $284.62.

International Business Machines Stock Up 0.7%

IBM stock opened at $288.62 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a PEG ratio of 4.41 and a beta of 0.73. The firm has a 50 day simple moving average of $255.18 and a 200-day simple moving average of $259.22.

International Business Machines (NYSE:IBM - Get Free Report) last released 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 net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the company 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 earnings per share 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. 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 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

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.

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