International Business Machines Corporation $IBM Shares Sold by Redwood Investment Management LLC

Key Points

• Redwood Investment Management LLC significantly reduced its stake in International Business Machines Corporation (IBM) by 79.6% during the first quarter, now holding only 2,283 shares valued at approximately $568,000.
• Several institutional investors are actively buying stocks in IBM, with notable purchases totaling around $27,000 to $43,000 in the first quarter, indicating increased interest in the tech company.
• IBM reported better-than-expected earnings of $2.80 per share for the recent quarter, surpassing analysts' estimates and showcasing a 7.7% year-over-year revenue increase to $16.98 billion.

Redwood Investment Management LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 79.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,283 shares of the technology company's stock after selling 8,894 shares during the period. Redwood Investment Management LLC's holdings in International Business Machines were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Per Stirling Capital Management LLC. increased its holdings in shares of International Business Machines by 5.8% during the 1st quarter. Per Stirling Capital Management LLC. now owns 2,518 shares of the technology company's stock worth $626,000 after buying an additional 137 shares during the last quarter. Samalin Investment Counsel LLC purchased a new stake in International Business Machines during the 1st quarter worth $344,000. FORA Capital LLC purchased a new stake in International Business Machines during the 1st quarter worth $517,000. Widmann Financial Services Inc. boosted its position in International Business Machines by 2.0% during the 1st quarter. Widmann Financial Services Inc. now owns 15,089 shares of the technology company's stock worth $3,752,000 after purchasing an additional 293 shares during the period. Finally, Orion Capital Management LLC boosted its position in International Business Machines by 37.3% during the 1st quarter. Orion Capital Management LLC now owns 3,403 shares of the technology company's stock worth $846,000 after purchasing an additional 924 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

IBM traded down $2.14 on Friday, hitting $243.59. 2,965,964 shares of the company's stock were exchanged, compared to its average volume of 5,099,491. The firm has a market cap of $226.39 billion, a PE ratio of 39.54, a P/E/G ratio of 3.78 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $198.27 and a twelve month high of $296.16. The stock has a fifty day moving average of $265.72 and a two-hundred day moving average of $257.63. 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 data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is currently 109.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IBM shares. Stifel Nicolaus upped their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. Finally, Erste Group Bank cut shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $268.75.

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.