Raleigh Capital Management Inc. Sells 431 Shares of International Business Machines Corporation $IBM

Raleigh Capital Management Inc. lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 19.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,768 shares of the technology company’s stock after selling 431 shares during the period. Raleigh Capital Management Inc.’s holdings in International Business Machines were worth $521,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the 1st quarter valued at about $28,000. Highline Wealth Partners LLC boosted its holdings in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Dagco Inc. bought a new stake in International Business Machines in the 1st quarter valued at about $31,000. Finally, Silicon Valley Capital Partners boosted its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $280.02 on Tuesday. The firm’s fifty day moving average price is $253.98 and its two-hundred day moving average price is $258.34. The stock has a market cap of $260.25 billion, a PE ratio of 45.46, a PEG ratio of 4.38 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 quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM) last issued 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 net margin of 9.11% and a return on equity of 37.62%. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 earnings per share. International Business Machines’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, equities analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid 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 2.4%. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

A number of research firms have issued reports on IBM. Wedbush boosted their price objective 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. Royal Bank Of Canada boosted their target price on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. UBS Group boosted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein began 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 for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $275.00.

International Business Machines 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.