Sound Income Strategies LLC Lowers Position in International Business Machines Corporation $IBM

Key Points

• Sound Income Strategies LLC has reduced its position in International Business Machines Corporation by 17.2%, now owning 70,019 shares valued at approximately $20.64 million.
• International Business Machines reported $2.80 earnings per share for the last quarter, surpassing analyst expectations and marking a 7.7% increase in revenue compared to the prior year.
• The company announced a quarterly dividend of $1.68 with an annualized yield of 2.4%, despite a high dividend payout ratio of 109.09%.

Sound Income Strategies LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,019 shares of the technology company's stock after selling 14,540 shares during the period. International Business Machines comprises approximately 1.2% of Sound Income Strategies LLC's holdings, making the stock its 18th largest position. Sound Income Strategies LLC's holdings in International Business Machines were worth $20,640,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IBM. 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 bought a new stake in International Business Machines in the 1st quarter valued at $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the 1st quarter valued at about $31,000. Silicon Valley Capital Partners grew its position in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its holdings in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock worth $33,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $284.72 on Monday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock's fifty day moving average is $254.07 and its two-hundred day moving average is $258.11. The company has a market capitalization of $264.62 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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. The company 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 revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. 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 (DPR) is 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research reports. BMO Capital Markets lifted their price objective on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. UBS Group upped their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given 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 an average rating of "Hold" and a consensus target price of $275.00.

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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