Somerville Kurt F Decreases Stock Holdings in International Business Machines Corporation $IBM

Somerville Kurt F trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,192 shares of the technology company’s stock after selling 200 shares during the period. Somerville Kurt F’s holdings in International Business Machines were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Family CFO Inc purchased a new position in shares of International Business Machines during the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners increased its holdings in 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 buying an additional 100 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM opened at $293.84 on Wednesday. The firm has a market cap of $273.10 billion, a P/E ratio of 47.70, a PEG ratio of 4.46 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 company has a 50 day simple moving average of $256.34 and a two-hundred day simple moving average of $259.93. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business posted $2.43 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on IBM shares. Royal Bank Of Canada upped their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. Erste Group Bank cut shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $284.62.

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.