E. Ohman J or Asset Management AB Sells 19,108 Shares of International Business Machines Corporation $IBM

E. Ohman J or Asset Management AB decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 341,678 shares of the technology company's stock after selling 19,108 shares during the quarter. International Business Machines accounts for about 2.5% of E. Ohman J or Asset Management AB's portfolio, making the stock its 7th largest position. E. Ohman J or Asset Management AB's holdings in International Business Machines were worth $100,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. acquired a new position in International Business Machines in the first quarter valued at about $31,000. Silicon Valley Capital Partners lifted its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Compass Financial Services Inc lifted its stake in International Business Machines by 41.5% in the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 1.4%

Shares of International Business Machines stock opened at $253.46 on Monday. The business's 50 day simple moving average is $257.59 and its 200 day simple moving average is $256.96. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $296.16. The firm has a market cap of $235.57 billion, a PE ratio of 41.15, a P/E/G ratio of 3.90 and a beta of 0.71. 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 posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Bank of America dropped their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock 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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