Sharp Financial Services LLC Lowers Holdings in International Business Machines Corporation $IBM

Sharp Financial Services LLC decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 14.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 692 shares of the technology company’s stock after selling 115 shares during the period. Sharp Financial Services LLC’s holdings in International Business Machines were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Family CFO Inc bought a new stake in shares of International Business Machines during the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% during the 1st 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 period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

IBM opened at $278.09 on Monday. The stock’s 50-day moving average price is $258.19 and its 200 day moving average price is $260.78. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $301.04. 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 firm has a market cap of $258.45 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 4.28 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 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the business earned $2.43 EPS. International Business Machines’s revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on IBM. Stifel Nicolaus increased their price target on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. UBS Group raised their price target on International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Finally, Wedbush lifted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $284.62.

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.