Advance Capital Management Inc. Sells 406 Shares of International Business Machines Corporation $IBM

Advance Capital Management Inc. lowered its position in International Business Machines Corporation (NYSE:IBM) by 14.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,310 shares of the technology company’s stock after selling 406 shares during the quarter. Advance Capital Management Inc.’s holdings in International Business Machines were worth $681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Richard P Slaughter Associates Inc acquired a new position in International Business Machines in the 2nd quarter valued at about $215,000. Canandaigua National Trust Co of Florida acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $254,000. RMR Wealth Builders lifted its stake in International Business Machines by 20.3% during the second quarter. RMR Wealth Builders now owns 10,046 shares of the technology company’s stock worth $2,961,000 after purchasing an additional 1,694 shares during the last quarter. Goldstone Financial Group LLC lifted its position in shares of International Business Machines by 8.1% during the 2nd quarter. Goldstone Financial Group LLC now owns 2,600 shares of the technology company’s stock worth $759,000 after buying an additional 194 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in shares of International Business Machines by 14.8% in the 2nd quarter. Apella Capital LLC now owns 7,566 shares of the technology company’s stock valued at $2,213,000 after purchasing an additional 974 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IBM shares. Bank of America dropped their price objective on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. The Goldman Sachs Group raised their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Finally, Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $270.67.

International Business Machines Price Performance

IBM opened at $253.46 on Monday. 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 Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The stock’s 50 day simple moving average is $257.59 and its 200 day simple moving average is $256.96. The firm has a market cap of $235.57 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 3.90 and a beta of 0.71.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The business’s 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, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

International Business Machines Company 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.