Left Brain Wealth Management LLC Reduces Position in International Business Machines Corporation $IBM

Left Brain Wealth Management LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,473 shares of the technology company’s stock after selling 191 shares during the period. International Business Machines comprises approximately 1.8% of Left Brain Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Left Brain Wealth Management LLC’s holdings in International Business Machines were worth $5,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IBM. GQG Partners LLC bought a new position in shares of International Business Machines in the 1st quarter worth $1,040,057,000. Nuveen LLC acquired a new position in International Business Machines during the 1st quarter valued at about $960,386,000. Vanguard Group Inc. raised its stake in International Business Machines by 2.1% in the second quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after buying an additional 1,913,708 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in International Business Machines by 41.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after acquiring an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 2.4%

Shares of NYSE:IBM opened at $297.36 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. The firm has a market capitalization of $277.95 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The firm’s 50-day moving average is $289.55 and its two-hundred day moving average is $273.24.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IBM. Jefferies Financial Group boosted their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research report on Tuesday, October 21st. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. BMO Capital Markets lifted their price target on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus dropped their target price on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $291.08.

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.