Atria Investments Inc Sells 1,635 Shares of International Business Machines Corporation $IBM

Atria Investments Inc reduced its position in shares of International Business Machines Corporation (NYSE:IBM) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,548 shares of the technology company’s stock after selling 1,635 shares during the period. Atria Investments Inc’s holdings in International Business Machines were worth $23,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in International Business Machines during the 2nd quarter worth $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the first quarter worth approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the first quarter valued at approximately $28,000. Highline Wealth Partners LLC increased its position in 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 purchasing an additional 51 shares during the period. Finally, Dagco Inc. bought a new position in International Business Machines during the 1st quarter worth approximately $31,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IBM shares. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Morgan Stanley lowered their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Stifel Nicolaus cut their target price on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, BMO Capital Markets increased their price target on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

International Business Machines Stock Down 1.4%

Shares of NYSE IBM opened at $308.17 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $288.05 billion, a PE ratio of 36.86, a P/E/G ratio of 4.39 and a beta of 0.73. International Business Machines Corporation has a one year low of $203.51 and a one year high of $319.35. The business’s fifty day moving average price is $270.43 and its 200-day moving average price is $265.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is currently 80.38%.

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.