Marotta Asset Management Lowers Holdings in International Business Machines Corporation $IBM

Marotta Asset Management trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 27.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,198 shares of the technology company’s stock after selling 462 shares during the period. Marotta Asset Management’s holdings in International Business Machines were worth $353,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the first quarter worth $28,000. Dagco Inc. acquired a new position in International Business Machines during the first quarter worth $31,000. Silicon Valley Capital Partners lifted its stake in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc lifted its stake in International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after purchasing an additional 49 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE IBM opened at $253.46 on Friday. 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 Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The firm has a market capitalization of $235.56 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.71. The stock’s 50-day simple moving average is $257.59 and its 200-day simple moving average is $256.93.

International Business Machines (NYSE:IBM) last issued its earnings results 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 return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the company earned $2.43 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

A number of research analysts have commented on IBM shares. The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Erste Group Bank downgraded International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research note on Thursday, July 24th. Finally, Stifel Nicolaus upped their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $270.67.

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.