Greenwood Capital Associates LLC Has $11.49 Million Position in International Business Machines Corporation $IBM

Key Points

• Greenwood Capital Associates LLC reduced its stake in International Business Machines Corporation (IBM) by 20.0%, now holding 38,989 shares valued at approximately $11.49 million.
• Wall Street analysts have issued mixed ratings on IBM, with a current consensus price target of $284.62 and varying ratings including one Strong Buy and seven Buys.
• IBM announced a quarterly dividend of $1.68 per share, representing a dividend yield of 2.3%, with a payout ratio of 109.09%.

Greenwood Capital Associates LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 20.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,989 shares of the technology company's stock after selling 9,768 shares during the period. International Business Machines accounts for about 1.4% of Greenwood Capital Associates LLC's portfolio, making the stock its 12th largest position. Greenwood Capital Associates LLC's holdings in International Business Machines were worth $11,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Family CFO Inc acquired a new position in shares of International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the 1st quarter valued at $28,000. Highline Wealth Partners LLC lifted its position in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after acquiring an additional 51 shares during the period. Finally, Dagco Inc. bought a new stake in International Business Machines during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on IBM shares. Bank of America decreased their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. BMO Capital Markets boosted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Royal Bank Of Canada boosted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $284.62.

International Business Machines Stock Performance

NYSE IBM opened at $287.05 on Friday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market cap of $266.78 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 4.41 and a beta of 0.73. The company has a fifty day moving average price of $254.60 and a 200-day moving average price of $258.93.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $16.58 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The business's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. International Business Machines's dividend payout ratio is presently 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.

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