International Business Machines Corporation $IBM Shares Sold by Putney Financial Group LLC

Putney Financial Group LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,381 shares of the technology company’s stock after selling 115 shares during the quarter. International Business Machines comprises about 1.2% of Putney Financial Group LLC’s investment portfolio, making the stock its 12th biggest position. Putney Financial Group LLC’s holdings in International Business Machines were worth $1,586,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. GQG Partners LLC acquired a new stake in shares of International Business Machines during the first quarter valued at $1,040,057,000. Nuveen LLC purchased a new position in International Business Machines in the 1st quarter valued at about $960,386,000. Vanguard Group Inc. boosted its stake in shares of International Business Machines by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of International Business Machines by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after buying an additional 889,008 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.6%

Shares of IBM opened at $310.03 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $319.35. The firm has a market capitalization of $289.79 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock’s fifty day simple moving average is $271.85 and its 200 day simple moving average is $266.01.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Bank of America raised their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley dropped their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. Royal Bank Of Canada reduced their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, BMO Capital Markets lifted their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. One investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.