International Business Machines Corporation $IBM Stake Decreased by LifeWealth Investments LLC

LifeWealth Investments LLC lessened its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 8.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,461 shares of the technology company’s stock after selling 220 shares during the quarter. LifeWealth Investments LLC’s holdings in International Business Machines were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IBM. GQG Partners LLC bought a new stake in shares of International Business Machines during the first quarter valued at 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. raised its holdings 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after purchasing an additional 889,008 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 2.0%

NYSE IBM opened at $287.57 on Thursday. The firm’s 50 day moving average price is $263.92 and its two-hundred day moving average price is $262.56. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $301.04. The stock has a market cap of $267.27 billion, a price-to-earnings ratio of 46.68, a PEG ratio of 4.34 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the previous year, the company posted $2.30 EPS. International Business Machines’s revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s payout ratio is presently 109.09%.

Analyst Ratings Changes

IBM has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Finally, Bank of America decreased their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $289.08.

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.