International Business Machines Corporation $IBM Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its holdings in IBM by 4.3%, now owning 268,947 shares valued at approximately $79.28 million, making it the fund's 7th largest position.
• Multiple analysts have raised their price targets for IBM, with Stifel Nicolaus targeting $310 and BMO Capital Markets at $300, indicating a generally positive outlook with an average rating of "Hold."
• IBM reported a quarterly earnings per share (EPS) of $2.80, surpassing expectations, and announced a quarterly dividend of $1.68 per share, representing a 2.4% yield.

Vest Financial LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 268,947 shares of the technology company's stock after selling 12,165 shares during the period. International Business Machines makes up approximately 1.1% of Vest Financial LLC's holdings, making the stock its 7th largest position. Vest Financial LLC's holdings in International Business Machines were worth $79,280,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new position in International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in International Business Machines in the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. acquired a new position in International Business Machines in the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus upped their price target on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wedbush upped their price target on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average target price of $284.62.

International Business Machines Trading Down 3.5%

Shares of IBM opened at $278.09 on Monday. The stock has a market cap of $258.45 billion, a PE ratio of 45.14, a PEG ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04. The stock has a 50 day simple moving average of $258.19 and a 200-day simple moving average of $260.78. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results 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 business 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%.International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.43 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines's dividend payout ratio is 109.09%.

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.

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