LRI Investments LLC Decreases Stock Position in International Business Machines Corporation $IBM

LRI Investments LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 5.2% in the second quarter, Holdings Channel reports. The fund owned 4,232 shares of the technology company’s stock after selling 233 shares during the quarter. LRI Investments LLC’s holdings in International Business Machines were worth $1,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Family CFO Inc purchased a new position in shares of International Business Machines during the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners boosted its stake in shares of International Business Machines by 322.6% during the 1st 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. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $278.09 on Friday. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The business’s fifty day moving average price is $258.19 and its two-hundred day moving average price 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.

International Business Machines (NYSE:IBM) last issued its earnings results 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period last year, the company earned $2.43 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on IBM. Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective on the stock. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One 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 issued a Sell rating to the company. According to MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $284.62.

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.