Nadler Financial Group Inc. reduced its stake in International Business Machines Corporation (NYSE:IBM – Free Report) by 22.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,015 shares of the technology company’s stock after selling 568 shares during the period. Nadler Financial Group Inc.’s holdings in International Business Machines were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at approximately $396,000. Brooklyn Investment Group boosted its position in International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after buying an additional 1,630 shares during the period. Edgar Lomax Co. VA boosted its position in International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after buying an additional 12,690 shares during the period. Left Brain Wealth Management LLC boosted its position in International Business Machines by 1,547.8% during the 1st quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after buying an additional 16,592 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in International Business Machines by 47.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after buying an additional 2,399 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Royal Bank Of Canada lifted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $284.62.
International Business Machines Stock Down 0.2%
Shares of NYSE IBM opened at $277.21 on Tuesday. The company has a market capitalization of $257.64 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company’s 50 day moving average price is $258.69 and its 200-day moving average price is $261.01.
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.
International Business Machines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines’s payout ratio is currently 109.09%.
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.
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