Liberty Wealth Management LLC Reduces Stake in International Business Machines Corporation $IBM

Liberty Wealth Management LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 84.8% during the second quarter, Holdings Channel reports. The fund owned 5,339 shares of the technology company’s stock after selling 29,706 shares during the period. Liberty Wealth Management LLC’s holdings in International Business Machines were worth $1,574,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Family CFO Inc bought a new position in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. bought a new position in International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners grew its position in shares of International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 8.0%

Shares of IBM opened at $307.78 on Monday. The business’s 50 day moving average is $266.21 and its 200 day moving average is $264.07. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75. The company has a market capitalization of $287.69 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. During the same period in the prior year, the company posted $2.30 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Research 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 will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. Bank of America raised 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. Melius Research raised International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. Sanford C. Bernstein started coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on shares of International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday. One 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

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.