International Business Machines Corporation $IBM Shares Sold by SPC Financial Inc.

SPC Financial Inc. trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,335 shares of the technology company’s stock after selling 529 shares during the period. SPC Financial Inc.’s holdings in International Business Machines were worth $5,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MinichMacGregor Wealth Management LLC acquired a new stake in International Business Machines during the first quarter worth about $396,000. Brooklyn Investment Group grew its holdings in International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 1,630 shares during the period. Edgar Lomax Co. VA grew its holdings in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares during the period. Left Brain Wealth Management LLC grew its holdings in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after purchasing an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC grew its holdings in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 2,399 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on IBM shares. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday. Finally, Wedbush raised their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $284.62.

International Business Machines Stock Performance

NYSE IBM opened at $278.09 on Friday. The company has a market cap of $258.45 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. The stock’s 50 day simple moving average is $258.19 and its 200-day simple moving average is $260.68. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the business posted $2.43 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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 was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given 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 yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

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.