UNIVEST FINANCIAL Corp Has $764,000 Stock Position in International Business Machines Corporation $IBM

UNIVEST FINANCIAL Corp grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.0% in the second quarter, Holdings Channel reports. The institutional investor owned 2,591 shares of the technology company’s stock after acquiring an additional 51 shares during the period. UNIVEST FINANCIAL Corp’s holdings in International Business Machines were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBM. GQG Partners LLC acquired a new position in shares of International Business Machines during the first quarter valued at about $1,040,057,000. Nuveen LLC acquired a new position in shares of International Business Machines during the first quarter valued at about $960,386,000. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.4% during the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company’s stock valued at $23,159,637,000 after buying an additional 1,298,515 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in International Business Machines by 41.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after purchasing an additional 930,448 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in International Business Machines by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock worth $1,282,550,000 after purchasing an additional 889,008 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.6%

IBM opened at $310.03 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market cap of $289.79 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $319.35. The company’s 50-day moving average price is $271.85 and its two-hundred day moving average price is $266.01.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $1.68 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. International Business Machines’s payout ratio is 80.38%.

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Royal Bank Of Canada cut their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Sanford C. Bernstein initiated coverage on shares of International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Finally, UBS Group increased their price target on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $288.00.

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.