Integrity Wealth Advisors Inc. Sells 116 Shares of International Business Machines Corporation $IBM

Integrity Wealth Advisors Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 1.4% during the first quarter, HoldingsChannel.com reports. The firm owned 8,217 shares of the technology company’s stock after selling 116 shares during the quarter. International Business Machines makes up approximately 1.5% of Integrity Wealth Advisors Inc.’s holdings, making the stock its 12th largest holding. Integrity Wealth Advisors Inc.’s holdings in International Business Machines were worth $2,044,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 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. Tacita Capital Inc raised its position in International Business Machines by 20.8% in the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after buying an additional 40 shares during the last quarter. Pallas Capital Advisors LLC raised its position in International Business Machines by 0.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after buying an additional 42 shares during the last quarter. DMC Group LLC raised its position in International Business Machines by 1.2% in the 1st quarter. DMC Group LLC now owns 3,517 shares of the technology company’s stock worth $875,000 after buying an additional 42 shares during the last quarter. Finally, Fidato Wealth LLC raised its position in International Business Machines by 2.4% in the 1st quarter. Fidato Wealth LLC now owns 1,824 shares of the technology company’s stock worth $454,000 after buying an additional 42 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. BMO Capital Markets upped their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $270.67.

International Business Machines Price Performance

NYSE IBM opened at $257.01 on Friday. The company has a 50-day moving average price of $258.35 and a 200-day moving average price of $256.95. The firm has a market capitalization of $238.87 billion, a P/E ratio of 41.72, a PEG ratio of 3.96 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid 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 dividend yield of 2.6%. International Business Machines’s payout ratio is 109.09%.

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.