International Business Machines Corporation $IBM Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC lowered its stake in International Business Machines Corporation (NYSE:IBM) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 983 shares of the technology company’s stock after selling 127 shares during the period. Clarity Capital Partners LLC’s holdings in International Business Machines were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IBM. GQG Partners LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $1,040,057,000. Nuveen LLC acquired a new stake in International Business Machines in the 1st quarter valued at about $960,386,000. Vanguard Group Inc. raised its position in International Business Machines by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after purchasing an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock valued at $787,007,000 after purchasing an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in International Business Machines by 20.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after purchasing an additional 889,008 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. Bank of America dropped their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wedbush increased their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $284.62.

International Business Machines Trading Up 0.7%

Shares of IBM stock opened at $288.62 on Friday. The business’s 50 day moving average is $255.18 and its two-hundred day moving average is $259.22. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period last year, the business posted $2.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

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.