Burney Co. Sells 1,701 Shares of International Business Machines Corporation $IBM

Burney Co. lowered its stake in International Business Machines Corporation (NYSE:IBM) by 9.0% in the second quarter, Holdings Channel reports. The fund owned 17,244 shares of the technology company’s stock after selling 1,701 shares during the quarter. Burney Co.’s holdings in International Business Machines were worth $5,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBM. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter worth about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter worth about $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the subject of a number of research reports. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group raised their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Morgan Stanley dropped their price objective on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

NYSE:IBM opened at $304.67 on Tuesday. The company has a market capitalization of $284.79 billion, a PE ratio of 36.44, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a 50 day simple moving average of $274.46 and a two-hundred day simple moving average of $267.32. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. International Business Machines Corporation has a fifty-two week low of $204.07 and a fifty-two week 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 for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 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.