MADDEN SECURITIES Corp Sells 115 Shares of International Business Machines Corporation $IBM

MADDEN SECURITIES Corp trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 0.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 14,390 shares of the technology company’s stock after selling 115 shares during the quarter. International Business Machines comprises about 1.4% of MADDEN SECURITIES Corp’s portfolio, making the stock its 22nd biggest holding. MADDEN SECURITIES Corp’s holdings in International Business Machines were worth $4,242,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of IBM. Lifestyle Asset Management Inc. lifted its holdings in shares of International Business Machines by 1.7% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after acquiring an additional 36 shares during the period. Whelan Financial lifted its stake in International Business Machines by 2.4% during the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after purchasing an additional 36 shares during the last quarter. Blue Edge Capital LLC boosted its holdings in shares of International Business Machines by 0.6% in the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 39 shares in the last quarter. Johnson Bixby & Associates LLC increased its stake in shares of International Business Machines by 3.3% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after purchasing an additional 39 shares during the last quarter. Finally, Tacita Capital Inc raised its holdings in shares of International Business Machines by 20.8% during the 1st quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after buying an additional 40 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Sanford C. Bernstein started coverage on shares of International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Up 0.5%

NYSE:IBM opened at $289.70 on Tuesday. International Business Machines Corporation has a one year low of $203.51 and a one year 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. The company has a market cap of $269.25 billion, a PE ratio of 47.03, a P/E/G ratio of 4.44 and a beta of 0.73. The firm’s 50 day simple moving average is $255.71 and its 200 day simple moving average is $259.70.

International Business Machines (NYSE:IBM) last released its quarterly 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 firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter last year, the firm earned $2.43 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

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.