D.A. Davidson & CO. Sells 18,453 Shares of International Business Machines Corporation $IBM

D.A. Davidson & CO. decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 9.4% during the first quarter, Holdings Channel reports. The fund owned 177,820 shares of the technology company’s stock after selling 18,453 shares during the period. D.A. Davidson & CO.’s holdings in International Business Machines were worth $43,102,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Family CFO Inc bought a new position in International Business Machines in the fourth quarter worth $25,000. Basepoint Wealth LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the 1st quarter worth about $26,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of International Business Machines in the 4th quarter worth about $28,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 2.7%

NYSE:IBM opened at $211.25 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $198.55 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.10 and a beta of 0.68. International Business Machines Corporation has a fifty-two week low of $211.03 and a fifty-two week high of $332.46. The firm has a 50-day simple moving average of $264.41 and a two-hundred day simple moving average of $264.54.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 12.43 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 3.2%. International Business Machines’s payout ratio is currently 59.77%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research reports. Wolfe Research lowered shares of International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. KeyCorp downgraded shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Susquehanna assumed coverage on shares of International Business Machines in a report on Friday, July 10th. They set a “neutral” rating and a $303.00 target price for the company. Stifel Nicolaus set a $290.00 price target on International Business Machines in a research report on Friday, May 22nd. Finally, Oppenheimer downgraded International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $307.17.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM launched new Power systems and AI-related software, including Power Autonomous Operations and IBM Bob, highlighting continued product investment and a longer-term AI strategy.
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with multiple firms reiterating constructive ratings or higher price targets despite the selloff.
• Neutral Sentiment: IBM’s leadership says the weakness may reflect a broader shift in enterprise IT budgets rather than a collapse in AI demand, which could benefit AI hardware and cybersecurity peers. IBM warns second-quarter earnings fell short of expectations
• Negative Sentiment: IBM’s preliminary Q2 revenue and EPS both missed estimates, prompting a historic share selloff and sharply weakening investor confidence. IBM expects second-quarter revenue below estimates
• Negative Sentiment: Several law firms have announced securities-fraud investigations tied to the earnings warning, adding headline risk and potential overhang for IBM shares. Securities Fraud Investigation Into International Business Machines Corporation (IBM) Announced

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.