Wedbush Securities Inc. Trims Holdings in International Business Machines Corporation $IBM

Wedbush Securities Inc. reduced its position in International Business Machines Corporation (NYSE:IBM) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 60,516 shares of the technology company’s stock after selling 1,551 shares during the period. International Business Machines comprises approximately 0.6% of Wedbush Securities Inc.’s holdings, making the stock its 21st biggest holding. Wedbush Securities Inc.’s holdings in International Business Machines were worth $17,839,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chancellor Financial Group WB LP acquired a new position in International Business Machines during the second quarter worth approximately $303,000. Rovin Capital UT ADV purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $288,000. Vestmark Advisory Solutions Inc. grew its stake in shares of International Business Machines by 65.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,501 shares of the technology company’s stock valued at $443,000 after buying an additional 595 shares during the period. Aspect Partners LLC increased its holdings in shares of International Business Machines by 12.5% during the 2nd quarter. Aspect Partners LLC now owns 578 shares of the technology company’s stock worth $170,000 after buying an additional 64 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of International Business Machines by 5.8% in the 2nd quarter. Savant Capital LLC now owns 59,782 shares of the technology company’s stock worth $17,623,000 after buying an additional 3,268 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $306.64 on Friday. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $319.35. 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 market capitalization of $286.63 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm’s fifty day moving average price is $279.45 and its 200 day moving average price is $268.83.

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

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Stifel Nicolaus cut their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.00.

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.