International Business Machines Corporation $IBM Stock Position Lessened by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 19.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 398,650 shares of the technology company’s stock after selling 98,398 shares during the period. Baird Financial Group Inc.’s holdings in International Business Machines were worth $117,514,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in International Business Machines during the second quarter worth approximately $27,000. Dagco Inc. acquired a new stake in International Business Machines in the first quarter worth approximately $31,000. Silicon Valley Capital Partners boosted its stake in International Business Machines by 322.6% during the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its position in shares of International Business Machines by 85.0% during the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IBM. Stifel Nicolaus cut their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. UBS Group lifted their price objective on shares of International Business Machines from $200.00 to $210.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Finally, Jefferies Financial Group increased their target price on shares of International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $291.08.

International Business Machines Price Performance

IBM opened at $302.97 on Thursday. The firm has a market capitalization of $283.19 billion, a P/E ratio of 36.24, a PEG ratio of 3.04 and a beta of 0.69. The stock has a fifty day moving average of $295.92 and a 200-day moving average of $275.86. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. International Business Machines Corporation has a 12-month low of $214.50 and a 12-month high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly 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. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business 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. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines’s dividend payout ratio is 80.38%.

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.