Bridges Investment Management Inc. Cuts Stake in International Business Machines Corporation $IBM

Bridges Investment Management Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 4.0% during the 2nd quarter, Holdings Channel reports. The fund owned 10,499 shares of the technology company’s stock after selling 438 shares during the quarter. Bridges Investment Management Inc.’s holdings in International Business Machines were worth $3,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in International Business Machines during the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the first quarter worth $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter worth $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.7%

Shares of IBM opened at $280.97 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $301.04. The stock has a market cap of $261.13 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 4.25 and a beta of 0.73. The firm has a 50 day simple moving average of $259.77 and a 200-day simple moving average of $261.25.

International Business Machines (NYSE:IBM) last announced 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines’s quarterly 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 fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IBM shares. The Goldman Sachs Group upped their price target on shares of International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Morgan Stanley increased their target price on shares of International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. 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 company’s stock. According to MarketBeat, International Business Machines has an average rating of “Hold” and an average target price of $286.38.

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.