International Business Machines Corporation $IBM Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,883 shares of the technology company’s stock after selling 3,365 shares during the quarter. Empowered Funds LLC’s holdings in International Business Machines were worth $12,901,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC acquired a new stake in shares of International Business Machines during the first quarter worth $396,000. Brooklyn Investment Group increased its position in International Business Machines by 32.7% during the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock worth $1,647,000 after purchasing an additional 1,630 shares during the period. Edgar Lomax Co. VA raised its position in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after acquiring an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC raised its position in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its position in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 2,399 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 3.1%

IBM opened at $256.20 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market cap of $238.11 billion, a P/E ratio of 41.59, a PEG ratio of 3.83 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $201.43 and a 52 week high of $296.16. The business’s fifty day simple moving average is $260.31 and its 200 day simple moving average is $256.97.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IBM shares. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Royal Bank Of Canada increased their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus raised their price target on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $268.75.

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.