Arvest Investments Inc. Lowers Position in International Business Machines Corporation $IBM

Key Points

• Arvest Investments Inc. has reduced its stake in IBM by 33.1%, holding 5,048 shares valued at $1.49 million after selling 2,492 shares.
• IBM reported a quarterly earnings per share of $2.80, exceeding estimates, with revenue reaching $16.98 billion—a 7.7% increase year-over-year.
• The company recently declared a quarterly dividend of $1.68 per share, resulting in a yield of 2.7% and a payout ratio of 109.09%.

Arvest Investments Inc. cut its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 33.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,048 shares of the technology company's stock after selling 2,492 shares during the period. Arvest Investments Inc.'s holdings in International Business Machines were worth $1,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Edge Capital LLC lifted its position 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 in the last quarter. Tacita Capital Inc lifted its position 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 valued at $58,000 after acquiring an additional 40 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of International Business Machines by 0.9% in the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after acquiring an additional 42 shares in the last quarter. DMC Group LLC lifted its position in shares of International Business Machines by 1.2% in the first quarter. DMC Group LLC now owns 3,517 shares of the technology company's stock valued at $875,000 after acquiring an additional 42 shares in the last quarter. Finally, Fidato Wealth LLC lifted its position in shares of International Business Machines by 2.4% in the first quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company's stock valued at $454,000 after acquiring an additional 42 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Down 1.4%

Shares of IBM stock opened at $253.46 on Friday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-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 stock's 50-day moving average price is $257.59 and its 200-day moving average price is $256.94. The stock has a market capitalization of $235.56 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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. 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 earnings per share. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective 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. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $270.67.

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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