International Business Machines Corporation $IBM Position Trimmed by Bontempo Ohly Capital Mgmt LLC

Key Points

• Bontempo Ohly Capital Management LLC reduced its stake in IBM by 20.2% in the first quarter, now holding 16,072 shares valued at approximately $3,996,000.
• Analysts have recently increased their target prices for IBM stock with Royal Bank of Canada lifting their target to $315.00 and Goldman Sachs raising theirs to $310.00, reflecting a positive outlook for the company.
• IBM announced a quarterly dividend of $1.68 per share, representing an annual yield of 2.6%, although its dividend payout ratio stands at 109.09%.

Bontempo Ohly Capital Mgmt LLC lowered its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 20.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,072 shares of the technology company's stock after selling 4,076 shares during the period. International Business Machines accounts for 1.9% of Bontempo Ohly Capital Mgmt LLC's portfolio, making the stock its 22nd biggest holding. Bontempo Ohly Capital Mgmt LLC's holdings in International Business Machines were worth $3,996,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IBM. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the first quarter worth about $31,000. Silicon Valley Capital Partners grew its position in shares of International Business Machines by 322.6% during the first 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 last quarter. Finally, Park Square Financial Group LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $43,000. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group increased 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 report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and a consensus price target of $270.67.

International Business Machines Price Performance

Shares of NYSE IBM opened at $257.01 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $238.87 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 3.96 and a beta of 0.71. The firm has a 50-day moving average of $258.35 and a two-hundred day moving average of $256.95.

International Business Machines (NYSE:IBM - Get Free Report) last issued 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. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the company earned $2.43 EPS. International Business Machines's revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect that International Business Machines Corporation will post 10.78 earnings per share 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. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) 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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