Yousif Capital Management LLC Sells 4,127 Shares of International Business Machines Corporation $IBM

Key Points

• Yousif Capital Management LLC reduced its stake in International Business Machines Corporation by 2.6%, selling 4,127 shares, leaving it with 153,790 shares valued at approximately $45.3 million.
• International Business Machines reported earnings of $2.80 per share for its last quarter, exceeding analysts' expectations of $2.65, and also a revenue of $16.98 billion, up 7.7% year-over-year.
• The company recently announced a quarterly dividend of $1.68 per share, with a dividend yield of 2.4%, while maintaining a dividend payout ratio of 109.09%.

Yousif Capital Management LLC lessened its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,790 shares of the technology company's stock after selling 4,127 shares during the period. International Business Machines comprises 0.5% of Yousif Capital Management LLC's portfolio, making the stock its 23rd biggest holding. Yousif Capital Management LLC's holdings in International Business Machines were worth $45,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Pegasus Asset Management Inc. lifted its stake in shares of International Business Machines by 7.9% in the second quarter. Pegasus Asset Management Inc. now owns 2,877 shares of the technology company's stock valued at $848,000 after buying an additional 210 shares during the period. Cypress Capital Group lifted its stake in shares of International Business Machines by 5.2% in the second quarter. Cypress Capital Group now owns 17,669 shares of the technology company's stock valued at $5,208,000 after buying an additional 881 shares during the period. Bill Few Associates Inc. lifted its stake in shares of International Business Machines by 9.6% in the second quarter. Bill Few Associates Inc. now owns 16,908 shares of the technology company's stock valued at $4,984,000 after buying an additional 1,483 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of International Business Machines by 21.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 260 shares of the technology company's stock valued at $77,000 after buying an additional 46 shares during the period. Finally, Carbahal Olsen Financial Services Group LLC acquired a new position in International Business Machines in the second quarter worth about $210,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $278.09 on Monday. 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 stock has a market capitalization of $258.45 billion, a price-to-earnings ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The firm's 50-day moving average price is $258.19 and its two-hundred day moving average price is $260.78.

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 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 analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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. Royal Bank Of Canada increased their price target on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. UBS Group increased their price target 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. Weiss Ratings reissued a "hold (c+)" rating on shares of International Business Machines in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $284.62.

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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