Broderick Brian C Cuts Stake in International Business Machines Corporation $IBM

Broderick Brian C trimmed its stake in International Business Machines Corporation (NYSE:IBM) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,901 shares of the technology company’s stock after selling 38 shares during the quarter. Broderick Brian C’s holdings in International Business Machines were worth $1,445,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Secured Retirement Advisors LLC boosted its holdings in shares of International Business Machines by 46.0% in the 2nd quarter. Secured Retirement Advisors LLC now owns 8,034 shares of the technology company’s stock valued at $2,368,000 after purchasing an additional 2,531 shares during the last quarter. REAP Financial Group LLC raised its position in shares of International Business Machines by 47.0% in the 2nd quarter. REAP Financial Group LLC now owns 604 shares of the technology company’s stock worth $178,000 after buying an additional 193 shares during the period. Sax Wealth Advisors LLC boosted its holdings in International Business Machines by 4.0% in the second quarter. Sax Wealth Advisors LLC now owns 5,755 shares of the technology company’s stock valued at $1,696,000 after acquiring an additional 222 shares during the last quarter. DMC Group LLC grew its position in International Business Machines by 2.5% during the second quarter. DMC Group LLC now owns 3,606 shares of the technology company’s stock valued at $1,063,000 after acquiring an additional 89 shares during the period. Finally, Independent Solutions Wealth Management LLC increased its stake in International Business Machines by 4.5% during the second quarter. Independent Solutions Wealth Management LLC now owns 10,842 shares of the technology company’s stock worth $3,178,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a research note on Saturday, September 27th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price objective for the company. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $284.62.

International Business Machines Stock Performance

International Business Machines stock opened at $293.84 on Wednesday. The company has a market cap of $273.10 billion, a PE ratio of 47.70, a P/E/G ratio of 4.46 and a beta of 0.73. The company has a fifty day moving average price of $256.34 and a two-hundred day moving average price of $259.93. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $301.04. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $2.43 earnings per share. 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 year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. 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 dividend payout ratio is 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.