International Business Machines Corporation $IBM Shares Sold by Allied Investment Advisors LLC

Allied Investment Advisors LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 4.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,876 shares of the technology company’s stock after selling 252 shares during the quarter. Allied Investment Advisors LLC’s holdings in International Business Machines were worth $1,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Family CFO Inc purchased a new position in International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new position in International Business Machines in the 1st quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $307.78 on Friday. The business’s fifty day moving average price is $266.21 and its 200 day moving average price is $263.57. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75. The stock has a market capitalization of $286.05 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 4.35 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87.

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, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company 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 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio (DPR) is 80.38%.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target for the company. Royal Bank Of Canada reduced their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. The Goldman Sachs Group increased 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. Finally, Morgan Stanley reduced their target price 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 investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $288.00.

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.