Integral Investment Advisors Inc. Sells 61 Shares of International Business Machines Corporation $IBM

Integral Investment Advisors Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,324 shares of the technology company’s stock after selling 61 shares during the quarter. Integral Investment Advisors Inc.’s holdings in International Business Machines were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Howard Capital Management Inc. increased its stake in International Business Machines by 21.7% in the 2nd quarter. Howard Capital Management Inc. now owns 6,425 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 1,146 shares during the last quarter. First National Trust Co increased its stake in International Business Machines by 0.6% in the 2nd quarter. First National Trust Co now owns 52,597 shares of the technology company’s stock worth $15,505,000 after acquiring an additional 292 shares during the last quarter. Purkiss Capital Advisors LLC bought a new stake in International Business Machines in the 2nd quarter worth approximately $202,000. Clark Asset Management LLC bought a new stake in International Business Machines in the 2nd quarter worth approximately $1,470,000. Finally, May Hill Capital LLC bought a new stake in International Business Machines in the 2nd quarter worth approximately $380,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $312.53 on Tuesday. The business has a fifty day moving average of $267.68 and a 200 day moving average of $264.61. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $313.50. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market cap of $292.13 billion, a P/E ratio of 37.38, a PEG ratio of 4.33 and a beta of 0.73.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter in the previous year, the business earned $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. As a group, sell-side 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 issued a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s payout ratio is presently 80.38%.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday. Sanford C. Bernstein assumed 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 on the stock. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted 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. Finally, Bank of America lifted their target price on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.