Tounjian Advisory Partners LLC Sells 74 Shares of International Business Machines Corporation $IBM

by · The Cerbat Gem

Tounjian Advisory Partners LLC lessened its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,710 shares of the technology company’s stock after selling 74 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in International Business Machines were worth $1,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirador Capital Partners LP grew its stake in shares of International Business Machines by 2.8% during the second quarter. Mirador Capital Partners LP now owns 4,539 shares of the technology company’s stock worth $1,338,000 after buying an additional 122 shares during the last quarter. Baron Wealth Management LLC bought a new stake in shares of International Business Machines in the second quarter worth $241,000. Fermata Advisors LLC grew its stake in shares of International Business Machines by 8.8% in the second quarter. Fermata Advisors LLC now owns 892 shares of the technology company’s stock worth $263,000 after purchasing an additional 72 shares during the last quarter. Balefire LLC grew its stake in shares of International Business Machines by 42.9% in the second quarter. Balefire LLC now owns 4,913 shares of the technology company’s stock worth $1,448,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Fragasso Financial Advisors Inc grew its stake in shares of International Business Machines by 21.2% in the second quarter. Fragasso Financial Advisors Inc now owns 2,031 shares of the technology company’s stock worth $599,000 after purchasing an additional 355 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Up 0.5%

IBM opened at $257.45 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The firm has a market capitalization of $239.27 billion, a PE ratio of 41.79, a P/E/G ratio of 3.95 and a beta of 0.71. The company’s 50-day moving average is $256.20 and its 200 day moving average is $256.99.

International Business Machines (NYSE:IBM – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share 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 company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The firm’s revenue 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, research analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday. They issued a “market perform” rating and a $280.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price of $275.00.

View Our Latest Report on IBM

International Business Machines Company Profile

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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.

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