International Business Machines Corporation $IBM Shares Sold by Ascent Group LLC

Ascent Group LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 9.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,373 shares of the technology company’s stock after selling 1,625 shares during the period. Ascent Group LLC’s holdings in International Business Machines were worth $4,532,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines in the second quarter worth approximately $25,000. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter valued at $28,000. Dagco Inc. bought a new position in shares of International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased 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 valued at $32,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $288.62 on Friday. The company’s fifty day moving average is $255.18 and its two-hundred day moving average is $259.22. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a market cap of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the business earned $2.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several research firms have issued reports on IBM. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Finally, UBS Group upped their price target on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $284.62.

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.