Integrity Alliance LLC. Sells 2,882 Shares of International Business Machines Corporation $IBM

Integrity Alliance LLC. reduced its holdings in International Business Machines Corporation (NYSE:IBM) by 55.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,350 shares of the technology company’s stock after selling 2,882 shares during the period. Integrity Alliance LLC.’s holdings in International Business Machines were worth $693,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its position in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after buying an additional 2,323 shares during the period. OneDigital Investment Advisors LLC increased its position in International Business Machines by 10.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 28,404 shares of the technology company’s stock worth $7,063,000 after buying an additional 2,719 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of International Business Machines during the first quarter valued at approximately $45,000. Huntleigh Advisors Inc. increased its position in shares of International Business Machines by 20.9% during the first quarter. Huntleigh Advisors Inc. now owns 1,564 shares of the technology company’s stock valued at $389,000 after purchasing an additional 270 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in shares of International Business Machines by 45.0% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the technology company’s stock valued at $262,000 after purchasing an additional 327 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of IBM stock opened at $307.24 on Friday. The stock’s fifty day moving average is $273.16 and its 200-day moving average is $266.66. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a market capitalization of $287.19 billion, a PE ratio of 36.75, a PEG 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 $319.35.

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

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on IBM. JPMorgan Chase & Co. boosted their price objective on 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 upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. BMO Capital Markets upped their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.