Koss Olinger Consulting LLC Decreases Position in International Business Machines Corporation $IBM

Koss Olinger Consulting LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,333 shares of the technology company’s stock after selling 87 shares during the quarter. Koss Olinger Consulting LLC’s holdings in International Business Machines were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IBM. Family CFO Inc purchased a new stake in International Business Machines during the second quarter worth $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter worth $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter worth $31,000. Finally, Silicon Valley Capital Partners boosted its position in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IBM. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. BMO Capital Markets upped their price objective on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday. Finally, UBS Group upped their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average price target of $288.00.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $312.53 on Tuesday. The firm has a market capitalization of $292.13 billion, a PE ratio of 37.38, a P/E/G ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The business has a 50-day moving average of $267.68 and a two-hundred day moving average of $264.61. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $313.50.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

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.