apricus wealth LLC Trims Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Apricus Wealth LLC significantly reduced its stake in International Business Machines Corporation by 87.4%, selling 5,466 shares and holding only 790 at the end of the second quarter, with a total worth of $233,000.
• Several institutional investors, including GQG Partners LLC and Nuveen LLC, made notable purchases of IBM shares in the first quarter, indicating strong interest in the company's stock.
• Wall Street analysts have varying ratings on IBM, with a consensus rating of "Hold" and an average price target of $286.38, while ongoing research firms are optimistic about future growth potential.

apricus wealth LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 87.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 790 shares of the technology company's stock after selling 5,466 shares during the period. apricus wealth LLC's holdings in International Business Machines were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBM. GQG Partners LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at about $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at about $960,386,000. Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of International Business Machines by 41.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after buying an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBM. Morgan Stanley lifted their price objective on International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 15th. Sanford C. Bernstein started coverage on International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target for the company. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and an average price target of $286.38.

International Business Machines Trading Up 0.8%

IBM stock opened at $283.64 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The stock has a market cap of $263.61 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 4.33 and a beta of 0.73. The business's 50-day moving average is $262.02 and its 200 day moving average is $262.25.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the firm posted $2.43 EPS. International Business Machines's 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, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued 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 was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

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.

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