International Business Machines Corporation $IBM Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC trimmed its stake in International Business Machines Corporation (NYSE:IBM) by 40.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,935 shares of the technology company’s stock after selling 5,403 shares during the quarter. Ameritas Advisory Services LLC’s holdings in International Business Machines were worth $2,339,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Family CFO Inc bought a new stake in International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the first quarter valued at $28,000. Dagco Inc. bought a new stake in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners lifted 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 buying an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $288.62 on Friday. 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 company’s 50-day moving average price is $255.18 and its two-hundred day moving average price is $259.22. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The stock has a market cap of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 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 firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. During the same period in the previous year, the business earned $2.43 earnings per share. International Business Machines’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. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.3%. International Business Machines’s payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBM. Royal Bank Of Canada upped their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. UBS Group upped their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $284.62.

About International Business Machines

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.