Transcend Capital Advisors LLC Sells 5,277 Shares of International Business Machines Corporation $IBM

Transcend Capital Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,665 shares of the technology company’s stock after selling 5,277 shares during the quarter. International Business Machines comprises about 1.4% of Transcend Capital Advisors LLC’s holdings, making the stock its 13th biggest holding. Transcend Capital Advisors LLC’s holdings in International Business Machines were worth $17,883,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBM. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines in the first quarter valued at approximately $28,000. Dagco Inc. purchased a new stake in International Business Machines in the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its stake in International Business Machines by 322.6% in the first 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 in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Trading Up 8.0%

IBM stock opened at $307.78 on Monday. 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 Corporation has a one year low of $203.51 and a one year high of $310.75. The company’s 50 day moving average price is $266.21 and its two-hundred day moving average price is $264.07. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93.

International Business Machines (NYSE:IBM) last posted 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 firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBM. BMO Capital Markets raised their target price on shares of International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group raised their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Royal Bank Of Canada lowered their target price on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

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.