Parthenon LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,419 shares of the technology company's stock after selling 923 shares during the period. Parthenon LLC's holdings in International Business Machines were worth $2,482,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. GQG Partners LLC purchased a new position in International Business Machines during the first quarter valued at approximately $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines during the first quarter valued at approximately $960,386,000. Vanguard Group Inc. increased its holdings in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company's stock valued at $787,007,000 after buying an additional 930,448 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock valued at $1,282,550,000 after buying an additional 889,008 shares during the period. Institutional investors own 58.96% of the company's stock.
International Business Machines Trading Up 1.8%
NYSE:IBM opened at $280.95 on Friday. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The firm has a fifty day simple moving average of $261.07 and a 200-day simple moving average of $261.73. 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 $261.12 billion, a P/E ratio of 45.61, a PEG ratio of 4.33 and a beta of 0.73.
International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the firm posted $2.43 earnings per share. The business'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, equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.
International Business Machines Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Bank of America cut their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $286.38.
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About International Business Machines
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Free Report)
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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