626 Financial LLC Decreases Position in International Business Machines Corporation $IBM

626 Financial LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,056 shares of the technology company’s stock after selling 62 shares during the quarter. 626 Financial LLC’s holdings in International Business Machines were worth $606,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new stake in International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC lifted its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the last quarter. Finally, Dagco Inc. purchased a new stake in International Business Machines in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IBM shares. Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group boosted their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Trading Down 0.1%

NYSE:IBM opened at $312.90 on Wednesday. The firm has a market cap of $292.47 billion, a P/E ratio of 37.43, a PEG ratio of 4.40 and a beta of 0.73. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock’s 50 day simple moving average is $269.11 and its 200-day simple moving average is $265.19. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $319.35.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 earnings per share. 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 Announces Dividend

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 issued a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

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.