Voya Investment Management LLC Sells 5,365 Shares of International Business Machines Corporation $IBM

Key Points

• Voya Investment Management LLC reduced its holdings in IBM by 2.3%, selling 5,365 shares during the first quarter, leaving them with 228,353 shares valued at approximately $56.78 million.
• Several institutional investors have increased their stakes in IBM, with 58.96% of the stock currently owned by institutional investors.
• IBM's stock has a recent target price upgrade from **JPMorgan** and **Goldman Sachs**, with target prices raised to **$290 and $310** respectively, indicating positive sentiment from analysts.

Voya Investment Management LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,353 shares of the technology company's stock after selling 5,365 shares during the quarter. Voya Investment Management LLC's holdings in International Business Machines were worth $56,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Howe & Rusling Inc. lifted its stake in shares of International Business Machines by 7.7% during the 1st quarter. Howe & Rusling Inc. now owns 3,390 shares of the technology company's stock valued at $843,000 after buying an additional 243 shares in the last quarter. Compass Financial Services Inc lifted its stake in shares of International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock valued at $42,000 after buying an additional 49 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of International Business Machines by 51.9% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 313 shares of the technology company's stock valued at $78,000 after buying an additional 107 shares in the last quarter. Modern Wealth Management LLC lifted its stake in shares of International Business Machines by 17.8% during the 1st quarter. Modern Wealth Management LLC now owns 17,477 shares of the technology company's stock valued at $4,346,000 after buying an additional 2,640 shares in the last quarter. Finally, Parkshore Wealth Management Inc. purchased a new position in shares of International Business Machines during the 1st quarter valued at $223,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBM. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Stifel Nicolaus lifted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group upped their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $270.67.

International Business Machines Price Performance

International Business Machines stock opened at $253.46 on Friday. The company has a market cap of $235.56 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.96 and a beta of 0.71. The firm's fifty day moving average is $257.59 and its 200 day moving average is $256.93. 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 Corporation has a 52-week low of $203.51 and a 52-week high of $296.16.

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 analysts' consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared 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 of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.7%. International Business Machines's dividend payout ratio is presently 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.

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