International Business Machines Corporation $IBM Shares Sold by Rowlandmiller & PARTNERS.ADV

by · The Cerbat Gem

Rowlandmiller & PARTNERS.ADV trimmed its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,943 shares of the technology company’s stock after selling 140 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in International Business Machines were worth $868,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Cullen Investment Group LTD. increased its holdings in shares of International Business Machines by 4.3% in the 2nd quarter. Cullen Investment Group LTD. now owns 4,173 shares of the technology company’s stock valued at $1,230,000 after acquiring an additional 172 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of International Business Machines in the 1st quarter valued at $8,838,000. Howe & Rusling Inc. grew its position in International Business Machines by 7.7% in the 1st quarter. Howe & Rusling Inc. now owns 3,390 shares of the technology company’s stock valued at $843,000 after buying an additional 243 shares during the last quarter. Compass Financial Services Inc grew its position in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock valued at $42,000 after buying an additional 49 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its position in International Business Machines by 51.9% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 313 shares of the technology company’s stock valued at $78,000 after buying an additional 107 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One research 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, International Business Machines currently has a consensus rating of “Hold” and an average target price of $270.67.

View Our Latest Report on IBM

International Business Machines Price Performance

International Business Machines stock opened at $253.46 on Friday. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. 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 firm’s 50-day simple moving average is $257.59 and its 200 day simple moving average is $256.93. The firm has a market capitalization of $235.56 billion, a PE ratio of 41.15, a P/E/G ratio of 3.96 and a beta of 0.71.

International Business Machines (NYSE:IBM – Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate 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 business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the previous year, the firm earned $2.43 EPS. The business’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. On average, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines’s payout ratio is presently 109.09%.

About International Business Machines

(Free Report)

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.

Featured Articles