IFP Advisors Inc Has $7.97 Million Position in International Business Machines Corporation $IBM

Key Points

• IFP Advisors Inc reduced its stake in International Business Machines Corporation (IBM) by 8.9%, now holding approximately $7.97 million worth of the company's stock.
• IBM reported better-than-expected quarterly earnings with an EPS of $2.80, exceeding estimates and showing a revenue increase of 7.7% year-over-year.
• The company declared a quarterly dividend of $1.68 per share, with a payout ratio of 109.09% and an annualized yield of 2.3%.

IFP Advisors Inc lowered its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,038 shares of the technology company's stock after selling 2,640 shares during the period. IFP Advisors Inc's holdings in International Business Machines were worth $7,969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Family CFO Inc acquired a new stake in International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter worth $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners grew its holdings in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Down 0.5%

IBM opened at $288.14 on Friday. The stock has a market capitalization of $267.80 billion, a P/E ratio of 46.78, a P/E/G ratio of 4.46 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The firm's fifty day simple moving average is $257.62 and its 200 day simple moving average is $260.41. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines's payout ratio is 109.09%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday. 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. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price target on the stock. Finally, Bank of America reduced their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $284.62.

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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