Franklin Street Advisors Inc. NC Sells 9,239 Shares of International Business Machines Corporation $IBM

Franklin Street Advisors Inc. NC cut its position in International Business Machines Corporation (NYSE:IBM) by 16.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,734 shares of the technology company’s stock after selling 9,239 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in International Business Machines were worth $14,071,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Family CFO Inc purchased a new position in shares of International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG purchased a new position in shares of International Business Machines in the first quarter valued at $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners grew its position in shares of 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 hedge funds and other institutional investors.

International Business Machines Price Performance

IBM opened at $288.62 on Friday. The stock has a 50-day moving average price of $255.18 and a 200-day moving average price of $259.22. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a PEG ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is presently 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. Stifel Nicolaus boosted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group boosted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Hold” and an average price target of $284.62.

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.