International Business Machines Corporation $IBM Position Trimmed by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR has reduced its holdings in IBM by 3.2%, owning 79,149 shares valued at approximately $23.3 million.
• Vanguard Group Inc. and Goldman Sachs Group Inc. increased their shares in IBM, with Goldman Sachs raising its holdings by 20.8% to 5.2 million shares.
• The average price target for IBM shares among analysts is $284.62, with a consensus rating of "Hold" and several firms adjusting their ratings and price targets recently.

Generali Asset Management SPA SGR decreased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,149 shares of the technology company's stock after selling 2,604 shares during the quarter. Generali Asset Management SPA SGR's holdings in International Business Machines were worth $23,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of IBM. Vanguard Group Inc. boosted its position in shares of International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in International Business Machines by 6.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after buying an additional 524,633 shares during the period. Ameriprise Financial Inc. lifted its stake in International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock valued at $1,371,812,000 after buying an additional 52,317 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after buying an additional 889,008 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of International Business Machines by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after acquiring an additional 24,790 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBM shares. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted 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 note on Wednesday, July 2nd. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Finally, Bank of America reduced their price objective on 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. One 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's stock. According to MarketBeat, International Business Machines presently has a consensus rating of "Hold" and an average price target of $284.62.

International Business Machines Stock Down 0.4%

Shares of International Business Machines stock opened at $276.12 on Wednesday. The firm has a market cap of $256.63 billion, a price-to-earnings ratio of 44.83, a P/E/G ratio of 4.27 and a beta of 0.73. The stock has a 50-day simple moving average of $259.20 and a 200-day simple moving average of $261.11. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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 firm's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 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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