International Business Machines Corporation $IBM Stock Position Lowered by MPS Loria Financial Planners LLC

MPS Loria Financial Planners LLC lessened its position in International Business Machines Corporation (NYSE:IBM) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,887 shares of the technology company’s stock after selling 254 shares during the quarter. MPS Loria Financial Planners LLC’s holdings in International Business Machines were worth $556,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. lifted its position in shares of International Business Machines by 2.2% in the 2nd quarter. Koshinski Asset Management Inc. now owns 4,797 shares of the technology company’s stock valued at $1,414,000 after acquiring an additional 102 shares in the last quarter. Kondo Wealth Advisors Inc. purchased a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $222,000. Lutz Financial Services LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $210,000. ShoreHaven Wealth Partners LLC purchased a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $219,000. Finally, Huntleigh Advisors Inc. lifted its position in shares of International Business Machines by 7.2% in the 2nd quarter. Huntleigh Advisors Inc. now owns 1,677 shares of the technology company’s stock valued at $495,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBM shares. Wedbush upped their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. UBS Group increased their target price 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $315.00 target price on shares of International Business Machines in a research report on Thursday. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $286.38.

International Business Machines Stock Up 1.8%

International Business Machines stock opened at $280.95 on Friday. The company has a market capitalization of $261.12 billion, a P/E ratio of 45.61, a P/E/G ratio of 4.24 and a beta of 0.73. The firm’s fifty day simple moving average is $261.07 and its 200-day simple moving average is $261.65. 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 Corporation has a 1-year low of $203.51 and a 1-year high of $301.04.

International Business Machines (NYSE:IBM) last released its quarterly earnings results 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. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued 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 2.4%. International Business Machines’s dividend payout ratio (DPR) is currently 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.