McAdam LLC Sells 1,068 Shares of International Business Machines Corporation $IBM

Key Points

• McAdam LLC reduced its holdings in International Business Machines (IBM) by 29.3% during the first quarter, selling 1,068 shares and leaving them with 2,572 shares valued at $639,000.
• Several institutional investors increased their stakes in IBM, including Vanguard Group, which raised its holdings by 1.4%, and Goldman Sachs, which increased its position by 20.8% in the same period.
• IBM reported an EPS of $2.80 for its most recent quarter, surpassing expectations, with a year-over-year revenue increase of 7.7% totaling $16.98 billion.

McAdam LLC decreased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 29.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,572 shares of the technology company's stock after selling 1,068 shares during the quarter. McAdam LLC's holdings in International Business Machines were worth $639,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the first quarter worth $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the first quarter worth $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of International Business Machines in the first quarter worth $45,000. Finally, Park Square Financial Group LLC purchased a new position in shares of International Business Machines in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. BMO Capital Markets upped 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. Wedbush upped 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. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $270.67.

International Business Machines Stock Performance

NYSE:IBM traded down $3.55 during mid-day trading on Friday, hitting $253.46. 3,430,296 shares of the company traded hands, compared to its average volume of 3,708,693. The stock's fifty day moving average price is $257.59 and its 200-day moving average price is $256.93. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $235.57 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 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.