International Business Machines Corporation $IBM Stock Position Decreased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,113 shares of the technology company’s stock after selling 1,385 shares during the period. Chesley Taft & Associates LLC’s holdings in International Business Machines were worth $5,634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter worth $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in International Business Machines during the first quarter worth approximately $31,000. Silicon Valley Capital Partners lifted its stake 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 buying an additional 100 shares during the last quarter. Finally, Compass Financial Services Inc grew its stake in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock valued at $42,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $257.45 on Wednesday. The company has a 50 day moving average price of $256.20 and a 200 day moving average price of $256.99. The stock has a market capitalization of $239.27 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 3.95 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.6%. International Business Machines’s payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBM. Stifel Nicolaus increased their price objective 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. Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Bank of America decreased their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein began coverage on International Business Machines in a report on Monday. They issued a “market perform” rating and a $280.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $275.00.

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.