RBA Wealth Management LLC Reduces Stock Position in International Business Machines Corporation $IBM

RBA Wealth Management LLC cut its stake in International Business Machines Corporation (NYSE:IBM) by 16.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,626 shares of the technology company’s stock after selling 318 shares during the quarter. RBA Wealth Management LLC’s holdings in International Business Machines were worth $479,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the 1st quarter worth about $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth approximately $28,000. Dagco Inc. acquired a new position in International Business Machines during the 1st quarter worth $31,000. Silicon Valley Capital Partners lifted its holdings in shares of 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 last quarter. Finally, Highline Wealth Partners LLC lifted its position in 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. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Royal Bank Of Canada raised their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, UBS Group boosted their price target 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. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Hold” and a consensus target price of $275.00.

International Business Machines Price Performance

Shares of NYSE IBM opened at $284.72 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $264.62 billion, a P/E ratio of 46.22, a P/E/G ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The stock’s 50-day simple moving average is $254.07 and its two-hundred day simple moving average is $258.03.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the firm posted $2.43 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is currently 109.09%.

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.