International Business Machines Corporation $IBM Shares Sold by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd reduced its holdings in International Business Machines Corporation by 8.2%, owning 20,663 shares worth approximately $6.09 million after selling 1,837 shares.
• IBM's latest earnings report revealed an earnings per share (EPS) of $2.80, exceeding analysts' expectations of $2.65 and marking a 7.7% revenue increase year-over-year.
• The company announced a quarterly dividend of $1.68 per share, with a current yield of 2.4%, although its payout ratio stands at 109.09%.

S Bank Fund Management Ltd decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,663 shares of the technology company's stock after selling 1,837 shares during the quarter. S Bank Fund Management Ltd's holdings in International Business Machines were worth $6,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC purchased a new stake in shares of International Business Machines during the 1st quarter worth approximately $396,000. Brooklyn Investment Group lifted its position in shares of International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after buying an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA lifted its position in shares of International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after buying an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC lifted its position in shares of International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after buying an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after buying an additional 2,399 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Up 1.7%

International Business Machines stock opened at $280.97 on Thursday. 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 Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a market cap of $261.13 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.25 and a beta of 0.73. The stock's 50 day moving average price is $259.77 and its 200 day moving average price is $261.25.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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 return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS 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 given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of 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. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Royal Bank Of Canada lifted their price target on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Finally, Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $286.38.

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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