Hunter Associates Investment Management LLC Lowers Holdings in International Business Machines Corporation $IBM

Hunter Associates Investment Management LLC decreased its stake in International Business Machines Corporation (NYSE:IBM) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,015 shares of the technology company’s stock after selling 180 shares during the period. Hunter Associates Investment Management LLC’s holdings in International Business Machines were worth $3,830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Westside Investment Management Inc. grew its holdings in shares of International Business Machines by 17.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,081 shares of the technology company’s stock valued at $318,000 after purchasing an additional 162 shares during the last quarter. EPG Wealth Management LLC grew its holdings in shares of International Business Machines by 1.4% during the 2nd quarter. EPG Wealth Management LLC now owns 6,722 shares of the technology company’s stock valued at $1,982,000 after purchasing an additional 90 shares during the last quarter. Carson Advisory Inc. grew its holdings in shares of International Business Machines by 4.1% during the 2nd quarter. Carson Advisory Inc. now owns 14,820 shares of the technology company’s stock valued at $4,369,000 after purchasing an additional 580 shares during the last quarter. Castlekeep Investment Advisors LLC grew its holdings in shares of International Business Machines by 3.9% during the 2nd quarter. Castlekeep Investment Advisors LLC now owns 5,499 shares of the technology company’s stock valued at $1,621,000 after purchasing an additional 207 shares during the last quarter. Finally, Mission Wealth Management LP grew its holdings in International Business Machines by 2.1% in the 2nd quarter. Mission Wealth Management LP now owns 17,987 shares of the technology company’s stock worth $5,302,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 0.9%

Shares of NYSE IBM opened at $307.24 on Monday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $319.35. The stock has a market cap of $287.19 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The firm has a 50-day moving average of $273.16 and a 200 day moving average of $266.86. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the company posted $2.30 EPS. International Business Machines’s revenue was up 9.1% 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 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent analyst reports. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. 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. Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Jefferies Financial Group raised their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a report on Tuesday, October 21st. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.