International Business Machines Corporation $IBM Position Trimmed by James Hambro & Partners LLP

James Hambro & Partners LLP decreased its holdings in International Business Machines Corporation (NYSE:IBM) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,389 shares of the technology company’s stock after selling 914 shares during the quarter. International Business Machines accounts for about 0.7% of James Hambro & Partners LLP’s investment portfolio, making the stock its 20th largest position. James Hambro & Partners LLP’s holdings in International Business Machines were worth $18,381,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GQG Partners LLC purchased a new position in International Business Machines during the 1st quarter worth approximately $1,040,057,000. Nuveen LLC purchased a new stake in shares of International Business Machines in the first quarter worth approximately $960,386,000. Vanguard Group Inc. grew its position in 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 purchasing an additional 1,298,515 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in International Business Machines by 41.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,987 shares of the technology company’s stock worth $787,007,000 after buying an additional 930,448 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company’s stock valued at $1,282,550,000 after buying an additional 889,008 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.2%

International Business Machines stock opened at $284.72 on Friday. The business has a 50 day moving average price of $254.07 and a two-hundred day moving average price of $258.03. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The stock has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. International Business Machines Corporation has a 12 month low of $203.51 and a 12 month high of $296.16.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. During the same quarter last year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 EPS 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 issued a dividend of $1.68 per share. The ex-dividend date of this dividend 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 presently 109.09%.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. Melius Research upgraded International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. The Goldman Sachs Group boosted their price target on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Bank of America decreased their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has an average rating of “Hold” and an average price target of $275.00.

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.