Catalyst Capital Advisors LLC Trims Stock Position in International Business Machines Corporation $IBM

Catalyst Capital Advisors LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 57.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 453 shares of the technology company’s stock after selling 600 shares during the period. Catalyst Capital Advisors LLC’s holdings in International Business Machines were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBM. GQG Partners LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at about $1,040,057,000. Nuveen LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at about $960,386,000. Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.4% during 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 buying an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of International Business Machines by 41.6% during 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 buying an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of International Business Machines by 20.8% during 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 buying an additional 889,008 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group raised their target price on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Hold” and an average target price of $288.00.

International Business Machines Trading Up 8.0%

IBM stock opened at $307.78 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75. The stock has a market cap of $286.05 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 4.35 and a beta of 0.73. The business’s 50-day moving average is $266.21 and its 200 day moving average is $263.57.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company 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 firm posted $2.30 EPS. International Business Machines’s revenue was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company 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 $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

International Business Machines Company 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.