International Business Machines Corporation $IBM is Godsey & Gibb Inc.’s 4th Largest Position

Godsey & Gibb Inc. lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 3.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,888 shares of the technology company’s stock after selling 3,740 shares during the period. International Business Machines makes up 3.1% of Godsey & Gibb Inc.’s holdings, making the stock its 4th biggest holding. Godsey & Gibb Inc.’s holdings in International Business Machines were worth $33,277,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Family CFO Inc acquired a new stake in International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines in the 1st quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter worth $28,000. Highline Wealth Partners LLC boosted its stake in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. Finally, Dagco Inc. bought a new position in International Business Machines during the first quarter valued at about $31,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.5%

Shares of IBM stock opened at $289.70 on Tuesday. 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 $269.25 billion, a P/E ratio of 47.03, a PEG ratio of 4.44 and a beta of 0.73. The stock’s fifty day moving average is $255.71 and its two-hundred day moving average is $259.70. 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 (NYSE:IBM) last issued its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the previous year, the firm earned $2.43 earnings per share. International Business Machines’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. Research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IBM shares. BMO Capital Markets upped their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They issued a “market perform” rating and a $280.00 price target on the stock. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, Royal Bank Of Canada upped their price objective on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.