International Business Machines Corporation $IBM Shares Sold by Ipswich Investment Management Co. Inc.

Key Points

• Ipswich Investment Management Co. Inc. reduced its stake in IBM by 6.8%, selling 980 shares, leaving them with a total of 13,522 shares valued at approximately $3.986 million.
• Multiple hedge funds have adjusted their holdings in IBM, with Tacita Capital Inc. seeing the largest increase at 20.8% during the first quarter.
• In its latest earnings report, IBM reported $2.80 EPS, surpassing estimates, and announced a quarterly dividend of $1.68, reflecting a yield of 2.4%.

Ipswich Investment Management Co. Inc. trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,522 shares of the technology company's stock after selling 980 shares during the period. Ipswich Investment Management Co. Inc.'s holdings in International Business Machines were worth $3,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Lifestyle Asset Management Inc. raised its position in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock worth $632,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC raised its holdings in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after purchasing an additional 39 shares during the period. Tacita Capital Inc boosted its position in International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company's stock worth $58,000 after purchasing an additional 40 shares in the last quarter. Global Financial Private Client LLC increased its position in shares of International Business Machines by 0.4% in the second quarter. Global Financial Private Client LLC now owns 10,548 shares of the technology company's stock valued at $3,109,000 after buying an additional 41 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in shares of International Business Machines by 0.9% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock valued at $1,195,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the topic of several research reports. Bank of America decreased their target price on 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. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. The Goldman Sachs Group upped their price target on 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, Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Price Performance

Shares of IBM opened at $284.72 on Friday. The firm has a 50-day simple moving average of $254.07 and a two-hundred day simple moving average of $257.97. The stock has a market cap of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.33 and a beta of 0.71. 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.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company earned $2.43 earnings per share. The firm's quarterly 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, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. 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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