GWN Securities Inc. Reduces Stock Position in International Business Machines Corporation $IBM

GWN Securities Inc. lowered its position in shares of International Business Machines Corporation (NYSE:IBM) by 79.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,172 shares of the technology company’s stock after selling 8,436 shares during the period. GWN Securities Inc.’s holdings in International Business Machines were worth $641,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lifestyle Asset Management Inc. raised its holdings in International Business Machines by 1.7% in the 2nd 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 in the last quarter. Whelan Financial raised its holdings in International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares in the last quarter. Ignite Planners LLC raised its holdings in International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock worth $1,133,000 after purchasing an additional 36 shares in the last quarter. Blue Edge Capital LLC raised its holdings in International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC raised its holdings in International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock worth $356,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on IBM shares. Bank of America upped their price objective on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group upped their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a report on Thursday, October 23rd. Jefferies Financial Group increased their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Finally, Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Down 0.1%

Shares of International Business Machines stock opened at $312.90 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a 50-day moving average of $269.11 and a 200 day moving average of $265.19. The firm has a market cap of $292.47 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 4.40 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $319.35.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

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.