Rosenberg Matthew Hamilton Sells 175 Shares of International Business Machines Corporation $IBM

Rosenberg Matthew Hamilton trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,836 shares of the technology company’s stock after selling 175 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in International Business Machines were worth $541,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IBM. Brighton Jones LLC increased its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. GAMMA Investing LLC increased its position in International Business Machines by 19.3% during the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after acquiring an additional 2,862 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in International Business Machines by 27.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,158,366 shares of the technology company’s stock worth $288,039,000 after acquiring an additional 250,283 shares during the period. Grove Bank & Trust increased its position in International Business Machines by 14.1% during the first quarter. Grove Bank & Trust now owns 8,479 shares of the technology company’s stock worth $2,108,000 after acquiring an additional 1,050 shares during the period. Finally, Stephens Consulting LLC increased its position in International Business Machines by 1.4% during the first quarter. Stephens Consulting LLC now owns 3,879 shares of the technology company’s stock worth $965,000 after acquiring an additional 54 shares during the period. 58.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. 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. The Goldman Sachs Group raised their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Stifel Nicolaus raised their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Royal Bank Of Canada raised 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. Finally, Bank of America decreased their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $284.62.

International Business Machines Trading Down 0.4%

Shares of International Business Machines stock opened at $276.12 on Wednesday. The firm has a market capitalization of $256.63 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 4.27 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. The firm’s 50 day moving average is $259.20 and its 200 day moving average is $261.11. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines’s payout ratio is 109.09%.

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.