Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Lowers Holdings in International Business Machines Corporation $IBM

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its stake in International Business Machines Corporation (NYSE:IBM) by 31.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,369 shares of the technology company’s stock after selling 1,531 shares during the quarter. International Business Machines accounts for approximately 0.6% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings, making the stock its 23rd biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in International Business Machines were worth $993,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Lifestyle Asset Management Inc. raised its position 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 buying an additional 36 shares during the last quarter. Whelan Financial raised its position 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 buying an additional 36 shares during the last quarter. Ignite Planners LLC raised its position 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 buying an additional 36 shares during the last quarter. Blue Edge Capital LLC raised its position 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 buying an additional 39 shares during the last quarter. Finally, Johnson Bixby & Associates LLC raised its position 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 buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IBM shares. The Goldman Sachs Group boosted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Bank of America boosted their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group boosted their target price on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. UBS Group boosted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday. Finally, Morgan Stanley cut their price target 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. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Trading Up 8.0%

International Business Machines stock opened at $307.78 on Monday. The business has a 50-day simple moving average of $266.21 and a two-hundred day simple moving average of $264.07. The company has a market cap of $287.69 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $310.75. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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 company 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 revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

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

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.