Archford Capital Strategies LLC Sells 1,970 Shares of International Business Machines Corporation $IBM

Key Points

• Archford Capital Strategies LLC reduced its holdings in International Business Machines Corporation (IBM) by 21.9% in the second quarter, now owning 7,018 shares valued at approximately $2.07 million.
• JPMorgan Chase & Co. raised its price target for IBM from $244.00 to $290.00 while maintaining a "neutral" rating, reflecting the company's shifting prospects in the market.
• IBM announced a quarterly dividend of $1.68 per share, resulting in an annualized yield of 2.4%, despite a payout ratio of 109.09%.

Archford Capital Strategies LLC lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 21.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,018 shares of the technology company's stock after selling 1,970 shares during the quarter. Archford Capital Strategies LLC's holdings in International Business Machines were worth $2,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. increased its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after acquiring an additional 36 shares during the last quarter. Blue Edge Capital LLC lifted its holdings in 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 last quarter. Johnson Bixby & Associates LLC boosted its position in 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 worth $356,000 after purchasing an additional 39 shares during the period. Tacita Capital Inc increased its stake in shares of International Business Machines by 20.8% in the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after purchasing an additional 40 shares in the last quarter. Finally, Vestia Personal Wealth Advisors raised its position in shares of International Business Machines by 3.1% in 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. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IBM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Finally, BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines has an average rating of "Hold" and an average price target of $275.00.

International Business Machines Trading Up 1.2%

Shares of International Business Machines stock opened at $284.72 on Monday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The company's fifty day simple moving average is $254.07 and its 200-day simple moving average is $258.11. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 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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