Westwood Holdings Group Inc. Decreases Position in International Business Machines Corporation $IBM

Westwood Holdings Group Inc. decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 16.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,370 shares of the technology company’s stock after selling 15,354 shares during the quarter. Westwood Holdings Group Inc.’s holdings in International Business Machines were worth $22,218,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in International Business Machines by 21.8% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,153 shares of the technology company’s stock worth $535,000 after purchasing an additional 386 shares in the last quarter. Diversify Advisory Services LLC grew its position in International Business Machines by 2.6% during the 1st quarter. Diversify Advisory Services LLC now owns 7,191 shares of the technology company’s stock worth $1,722,000 after purchasing an additional 183 shares during the last quarter. Formidable Asset Management LLC increased its stake in International Business Machines by 2.1% during the 1st quarter. Formidable Asset Management LLC now owns 12,954 shares of the technology company’s stock valued at $3,221,000 after purchasing an additional 270 shares in the last quarter. Finally, St. Louis Trust Co raised its holdings in shares of International Business Machines by 32.3% in the first quarter. St. Louis Trust Co now owns 4,632 shares of the technology company’s stock worth $1,152,000 after buying an additional 1,132 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Bank of America raised their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped 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. Finally, Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Trading Up 0.2%

Shares of NYSE:IBM opened at $305.35 on Friday. The company has a market capitalization of $285.42 billion, a PE ratio of 36.53, a PEG ratio of 4.33 and a beta of 0.71. International Business Machines Corporation has a 12-month low of $204.07 and a 12-month high of $324.90. The business has a 50 day moving average of $285.92 and a two-hundred day moving average of $271.58. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating 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 firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period in the previous year, the firm earned $2.30 EPS. The business’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, analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.