GW Henssler & Associates Ltd. Reduces Holdings in International Business Machines Corporation $IBM

GW Henssler & Associates Ltd. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,598 shares of the technology company’s stock after selling 44 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in International Business Machines were worth $471,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Lifestyle Asset Management Inc. grew its holdings in shares of International Business Machines by 1.7% during the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after purchasing an additional 36 shares during the last quarter. Whelan Financial grew its holdings in shares of International Business Machines by 2.4% during the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after buying an additional 36 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after buying an additional 36 shares during the last quarter. Blue Edge Capital LLC grew its holdings in shares of International Business Machines by 0.6% during the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC grew its holdings in shares of International Business Machines by 3.3% during the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of IBM opened at $278.09 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The stock’s 50 day moving average is $258.19 and its two-hundred day moving average is $260.68. The firm has a market capitalization of $258.45 billion, a PE ratio of 45.14, a P/E/G ratio of 4.28 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company earned $2.43 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IBM shares. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. raised their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their price target on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Finally, Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.