International Business Machines Corporation $IBM is Insight Inv LLC’s 4th Largest Position

Insight Inv LLC reduced its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,913 shares of the technology company’s stock after selling 295 shares during the quarter. International Business Machines makes up 2.9% of Insight Inv LLC’s investment portfolio, making the stock its 4th largest position. Insight Inv LLC’s holdings in International Business Machines were worth $4,396,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBM. Brighton Jones LLC increased its holdings in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company’s stock worth $1,195,000 after buying an additional 42 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of International Business Machines by 2.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 19,030 shares of the technology company’s stock worth $4,732,000 after buying an additional 422 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of International Business Machines by 19.3% during the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after buying an additional 2,862 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its holdings in shares of International Business Machines by 10.8% during the first quarter. Trueblood Wealth Management LLC now owns 3,642 shares of the technology company’s stock worth $906,000 after buying an additional 355 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBM. UBS Group lifted their price target 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. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday. Bank of America lowered their target price on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $284.62.

International Business Machines Price Performance

NYSE IBM opened at $289.31 on Thursday. The company has a 50 day simple moving average of $256.92 and a 200-day simple moving average of $260.14. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $268.88 billion, a price-to-earnings ratio of 46.97, a price-to-earnings-growth ratio of 4.52 and a beta of 0.73. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results 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 net margin of 9.11% and a return on equity of 37.62%. The business 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 earned $2.43 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities research 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s payout ratio is currently 109.09%.

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.