InvesTrust Sells 21,200 Shares of International Business Machines Corporation $IBM

Key Points

• InvesTrust has reduced its stake in IBM, selling 21,200 shares and trimming ownership by 63.1%, now holding 12,423 shares valued at approximately $3.66 million.
• Several institutional investors have increased their positions in IBM, with GAMMA Investing LLC significantly boosting its stake by over 29,000% during the first quarter, acquiring more than 4.3 million shares.
• Analysts have raised price targets for IBM, with Wedbush setting a new target of $325 while the average consensus rating remains a "Hold" with an average target of $270.67.

InvesTrust cut its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 63.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,423 shares of the technology company's stock after selling 21,200 shares during the quarter. International Business Machines accounts for 1.4% of InvesTrust's portfolio, making the stock its 24th largest holding. InvesTrust's holdings in International Business Machines were worth $3,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IBM. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter worth about $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter worth about $31,000. Silicon Valley Capital Partners boosted its position 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. Finally, Compass Financial Services Inc boosted its position in International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after acquiring an additional 49 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 1.4%

NYSE IBM traded down $3.55 during trading on Friday, hitting $253.46. 3,430,296 shares of the company traded hands, compared to its average volume of 3,663,143. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16. The business has a fifty day simple moving average of $257.59 and a 200 day simple moving average of $256.96. 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 $235.57 billion, a P/E ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71.

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 for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for 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 revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines's payout ratio is presently 109.09%.

Analyst Upgrades and Downgrades

IBM has been the subject of a number of research reports. Bank of America decreased their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada lifted their price objective on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Finally, Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $270.67.

About International Business Machines

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.