International Business Machines Corporation $IBM Shares Sold by Bell Bank

Key Points

• Bell Bank reduced its stake in International Business Machines Corporation (IBM) by 14.3% in the 2nd quarter, holding 44,165 shares valued at $13.02 million at the end of the quarter.
• Various hedge funds have also adjusted their positions in IBM, with 58.96% of the stock now owned by institutional investors and hedge funds.
• IBM reported an EPS of $2.80 for the latest quarter, exceeding analyst expectations, alongside a year-on-year revenue increase of 7.7%.

Bell Bank reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,165 shares of the technology company's stock after selling 7,385 shares during the period. International Business Machines makes up about 0.6% of Bell Bank's holdings, making the stock its 21st largest position. Bell Bank's holdings in International Business Machines were worth $13,019,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after buying an additional 4,384,958 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of International Business Machines in the 1st quarter worth about $1,040,057,000. Nuveen LLC purchased a new stake in shares of International Business Machines in the 1st quarter worth about $960,386,000. Vanguard Group Inc. lifted its holdings in International Business Machines by 1.4% in 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 purchasing an additional 1,298,515 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines by 41.6% in 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 purchasing an additional 930,448 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on IBM. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines presently has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Stock Performance

NYSE IBM traded up $2.19 during trading hours on Friday, hitting $267.19. The company had a trading volume of 9,852,135 shares, compared to its average volume of 3,792,223. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The business has a fifty day simple moving average of $254.82 and a 200-day simple moving average of $257.25. The firm has a market cap of $248.33 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the company earned $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 analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 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.