Vista Investment Partners LLC Decreases Position in International Business Machines Corporation $IBM

Key Points

• Vista Investment Partners LLC has significantly reduced its stake in International Business Machines Corporation (IBM) by 91.6%, leaving it with only 742 shares after selling 8,098 shares in the second quarter.
• Despite the reduction in stake by some investors, other institutions like Atticus Wealth Management LLC have increased their positions in IBM, indicating mixed investor confidence.
• IBM reported earnings per share of $2.80 for the last quarter, exceeding analysts' expectations, along with a revenue increase of 7.7% compared to the previous year.

Vista Investment Partners LLC cut its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 91.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 742 shares of the technology company's stock after selling 8,098 shares during the quarter. Vista Investment Partners LLC's holdings in International Business Machines were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Waverly Advisors LLC boosted its stake in International Business Machines by 15.8% in the 4th quarter. Waverly Advisors LLC now owns 41,900 shares of the technology company's stock worth $9,211,000 after purchasing an additional 5,718 shares in the last quarter. White Knight Strategic Wealth Advisors LLC bought a new position in International Business Machines during the 4th quarter valued at about $290,000. Glen Eagle Advisors LLC raised its stake in International Business Machines by 44.7% during the 4th quarter. Glen Eagle Advisors LLC now owns 3,236 shares of the technology company's stock worth $711,000 after acquiring an additional 1,000 shares during the period. Finally, NCM Capital Management LLC raised its stake in International Business Machines by 29.0% during the 4th quarter. NCM Capital Management LLC now owns 5,806 shares of the technology company's stock worth $1,276,000 after acquiring an additional 1,305 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on IBM shares. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Finally, Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Stock Performance

International Business Machines stock traded up $2.19 during mid-day trading on Friday, hitting $267.19. The company had a trading volume of 9,852,135 shares, compared to its average volume of 3,792,223. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company's fifty day moving average is $255.14 and its 200-day moving average is $257.11. 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 $248.33 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 4.08 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.5%. International Business Machines's payout ratio is presently 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.