Selective Wealth Management Inc. Sells 736 Shares of International Business Machines Corporation $IBM

Selective Wealth Management Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,138 shares of the technology company’s stock after selling 736 shares during the quarter. International Business Machines comprises 0.5% of Selective Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding. Selective Wealth Management Inc.’s holdings in International Business Machines were worth $1,491,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company’s stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares during the last quarter. GQG Partners LLC bought a new stake in International Business Machines during the first quarter worth approximately $1,040,057,000. Nuveen LLC bought a new stake in International Business Machines during the first quarter worth approximately $960,386,000. Vanguard Group Inc. boosted its position in International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock worth $23,159,637,000 after purchasing an additional 1,298,515 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in International Business Machines by 41.6% during 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 purchasing an additional 930,448 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $265.09 on Friday. The business has a fifty day simple moving average of $255.14 and a 200 day simple moving average of $257.11. 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 firm has a market capitalization of $246.38 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 3.99 and a beta of 0.71. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts expect 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 was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday. They set a “market perform” rating and a $280.00 target price for the company. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. upped their price target on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $275.00.

International Business Machines 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.