Invictus Private Wealth LLC Sells 204 Shares of International Business Machines Corporation $IBM

Invictus Private Wealth LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,358 shares of the technology company’s stock after selling 204 shares during the quarter. Invictus Private Wealth LLC’s holdings in International Business Machines were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IBM. Brighton Jones LLC boosted its position in shares of International Business Machines by 12.4% in the fourth 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 during the period. GAMMA Investing LLC lifted its position in International Business Machines by 19.3% in the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after purchasing an additional 2,862 shares during the period. Fifth Third Bancorp lifted its position in International Business Machines by 2.9% in the first quarter. Fifth Third Bancorp now owns 167,613 shares of the technology company’s stock worth $41,679,000 after purchasing an additional 4,699 shares during the period. NorthCrest Asset Manangement LLC lifted its position in International Business Machines by 5.5% in the first quarter. NorthCrest Asset Manangement LLC now owns 91,537 shares of the technology company’s stock worth $22,761,000 after purchasing an additional 4,741 shares during the period. Finally, RMR Wealth Builders lifted its position in International Business Machines by 3.3% in the first quarter. RMR Wealth Builders now owns 8,352 shares of the technology company’s stock worth $2,077,000 after purchasing an additional 263 shares during the period. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on IBM. The Goldman Sachs Group raised 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. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. UBS Group raised their target price on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised 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. Finally, Royal Bank Of Canada raised their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Down 3.5%

Shares of NYSE IBM opened at $278.09 on Friday. The stock has a market cap of $258.45 billion, a PE ratio of 45.14, a PEG ratio of 4.44 and a beta of 0.73. The business has a fifty day moving average of $258.19 and a two-hundred day moving average of $260.60. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. 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 quarterly earnings data 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 during 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 business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is 109.09%.

International Business Machines Company 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.