Strategic Blueprint LLC Reduces Position in International Business Machines Corporation $IBM

Strategic Blueprint LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 0.7% in the second quarter, Holdings Channel.com reports. The firm owned 8,861 shares of the technology company’s stock after selling 61 shares during the period. Strategic Blueprint LLC’s holdings in International Business Machines were worth $2,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family CFO Inc purchased a new stake in shares of International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new stake in shares of International Business Machines in the first quarter valued at $28,000. Highline Wealth Partners LLC grew its position in shares of International Business Machines by 85.0% in the second 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. Finally, Dagco Inc. purchased a new stake in shares of International Business Machines in the first quarter valued at $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Morgan Stanley reduced their target price on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $288.00.

International Business Machines Trading Down 1.3%

Shares of IBM opened at $283.91 on Friday. The stock’s 50-day moving average is $264.85 and its two-hundred day moving average is $262.96. The stock has a market cap of $263.86 billion, a PE ratio of 33.96, a P/E/G ratio of 4.42 and a beta of 0.73. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. 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 issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.99% and a net margin of 12.09%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts forecast 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 disclosed 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. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, November 10th. International Business Machines’s payout ratio is currently 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.