JFS Wealth Advisors LLC Sells 594 Shares of International Business Machines Corporation $IBM

JFS Wealth Advisors LLC reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,992 shares of the technology company’s stock after selling 594 shares during the period. JFS Wealth Advisors LLC’s holdings in International Business Machines were worth $3,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Family CFO Inc bought a new stake in International Business Machines during the 2nd quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. bought a new stake in International Business Machines during the 1st quarter valued at $31,000. Finally, Silicon Valley Capital Partners raised its position in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 3.5%

Shares of NYSE:IBM opened at $278.09 on Friday. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. The business’s fifty day simple moving average is $258.19 and its 200-day simple moving average is $260.60. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $258.45 billion, a PE ratio of 45.14, a P/E/G ratio of 4.44 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced 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. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is 109.09%.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. lifted their target price 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. UBS Group lifted their price target on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. The Goldman Sachs Group lifted their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $284.62.

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.