Cura Wealth Advisors LLC Decreases Holdings in International Business Machines Corporation $IBM

Key Points

• Cura Wealth Advisors LLC has reduced its holdings in IBM by 49.8% during the first quarter, now owning 1,105 shares valued at $275,000.
• IBM's stock price opened at $243.59, with a 1-year range between $198.27 and $296.16, currently having a market cap of $226.39 billion.
• The company reported $2.80 EPS for the quarter, exceeding analyst estimates, and has set a FY 2025 EPS guidance amid a robust revenue growth of 7.7% year-over-year.

Cura Wealth Advisors LLC decreased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 49.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105 shares of the technology company's stock after selling 1,096 shares during the quarter. Cura Wealth Advisors LLC's holdings in International Business Machines were worth $275,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IBM. Brighton Jones LLC raised its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after acquiring an additional 2,323 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in International Business Machines during the fourth quarter worth about $81,000. Aspire Growth Partners LLC acquired a new position in International Business Machines during the fourth quarter worth about $1,746,000. Aptus Capital Advisors LLC raised its position in International Business Machines by 100.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 30,149 shares of the technology company's stock worth $6,628,000 after acquiring an additional 15,143 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in International Business Machines by 15.5% during the fourth quarter. Ancora Advisors LLC now owns 6,839 shares of the technology company's stock worth $1,503,000 after acquiring an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock opened at $243.59 on Friday. International Business Machines Corporation has a 1 year low of $198.27 and a 1 year high of $296.16. The firm has a 50 day moving average price of $265.72 and a 200 day moving average price of $257.64. The company has a market cap of $226.39 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.75 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the firm earned $2.43 earnings per share. 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. Sell-side analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IBM shares. Stifel Nicolaus lifted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Royal Bank Of Canada lifted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Wedbush lifted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, The Goldman Sachs Group lifted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $268.75.

About International Business Machines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.