Foster & Motley Inc. Sells 1,605 Shares of International Business Machines Corporation $IBM

Key Points

• Foster & Motley Inc. reduced its stake in International Business Machines Corporation (IBM) by 4.5%, selling 1,605 shares and holding a total of 34,300 shares valued at approximately $10.11 million.
• Multiple hedge funds have recently adjusted their positions in IBM, with new investments totaling around $25,000 to $31,000 from various institutional investors.
• Analysts have set mixed price targets for IBM, with Wedbush raising their target from $300 to $325, while the consensus rating remains at "Hold" with a price target of $286.38.

Foster & Motley Inc. decreased its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,300 shares of the technology company's stock after selling 1,605 shares during the quarter. Foster & Motley Inc.'s holdings in International Business Machines were worth $10,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family CFO Inc bought a new stake in International Business Machines during the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Highline Wealth Partners LLC grew its stake in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new position in International Business Machines during the first quarter valued at $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Wedbush lifted their price target on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $315.00 price objective on shares of International Business Machines in a report on Thursday. Morgan Stanley increased their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the company an "equal weight" rating in a research report on Wednesday. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $286.38.

International Business Machines Stock Up 1.8%

IBM opened at $280.95 on Friday. The firm's fifty day moving average is $261.07 and its 200 day moving average is $261.65. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The stock has a market cap of $261.12 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.24 and a beta of 0.73. 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 issued its quarterly earnings data 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 analyst estimates 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

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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