Northwest Financial Advisors Decreases Stock Holdings in International Business Machines Corporation $IBM

Northwest Financial Advisors decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 48.4% during the second quarter, Holdings Channel.com reports. The firm owned 2,026 shares of the technology company’s stock after selling 1,901 shares during the period. Northwest Financial Advisors’ holdings in International Business Machines were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Lifestyle Asset Management Inc. raised its stake in shares of International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after acquiring an additional 36 shares during the period. Whelan Financial raised its stake in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after acquiring an additional 36 shares during the period. Ignite Planners LLC raised its stake in shares of International Business Machines by 0.9% in the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC raised its stake in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 39 shares during the period. Finally, Johnson Bixby & Associates LLC raised its stake in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.1%

Shares of International Business Machines stock opened at $312.90 on Wednesday. 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 $203.51 and a 1 year high of $319.35. The firm’s 50-day moving average is $269.11 and its two-hundred day moving average is $265.19. The stock has a market cap of $292.47 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 4.40 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its earnings results 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 net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the business earned $2.30 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect 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 will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IBM shares. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Bank of America upped their price target on shares of International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Sanford C. Bernstein began coverage on shares of International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $288.00.

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.