<div id="readability-page-1"><p>Banque Pictet &amp; Cie SA reduced its holdings in shares of  International Business Machines Corporation (NYSE:IBM - Free Report) by 23.4% in the 2nd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund owned 35,362 shares of the technology company's stock after selling 10,810 shares during the quarter. Banque Pictet &amp; Cie SA's holdings in International Business Machines were worth $10,424,000 at the end of the most recent reporting period.</p><ul><li>Why Datavault May Be the Penny AI Stock Investors Have Waited For</li></ul><p>Other institutional investors and hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in  International Business Machines in the 1st quarter valued at approximately $27,000.  SSA Swiss Advisors AG bought a new position in  International Business Machines in the 1st quarter valued at approximately $28,000.  Dagco Inc. bought a new position in shares of  International Business Machines in the 1st quarter valued at $31,000.  Silicon Valley Capital Partners lifted its stake in shares of  International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter.  Finally, Compass Financial Services Inc lifted its stake in shares of  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 acquiring an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors. </p><h2>International Business Machines Trading Up 5.3%</h2><p>NYSE IBM opened at $281.76 on Friday. The company has a market cap of $261.86 billion, a price-to-earnings ratio of 45.74, a P/E/G ratio of 4.12 and a beta of 0.71. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The business has a 50 day moving average price of $254.09 and a 200-day moving average price of $257.72. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. </p><ul><li>IBM: The Last Time This Happened, the Stock Rallied 35%</li></ul><p>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, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.43 earnings per share.  International Business Machines has set its FY 2025 guidance at  EPS. As a group, equities analysts expect that  International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year. </p><h2>International Business Machines Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were given a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. International Business Machines's payout ratio is presently 109.09%. </p><h2>Analyst Ratings Changes</h2><ul><li>Analysts Make a Quantum Bet on D-Wave's Cryogenic Packaging </li></ul><p>A number of research analysts have recently commented on IBM shares. Wedbush increased their price target on International Business Machines from $300.00 to $325.00 and gave the company an &#34;outperform&#34; rating in a research note on Friday, June 20th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the company a &#34;market perform&#34; rating in a research report on Friday, July 18th. The Goldman Sachs Group raised their price objective on shares of International Business Machines from $270.00 to $310.00 and gave the company a &#34;buy&#34; rating in a report on Wednesday, July 2nd. JPMorgan Chase &amp; Co. raised their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a &#34;neutral&#34; rating in a report on Thursday, July 24th. Finally, UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a &#34;sell&#34; rating in a report on Thursday, July 24th. 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 issued  a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and a consensus price target of $275.00.</p><p><b>View Our Latest Research Report on IBM</b></p><h2>About International Business Machines</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than International Business Machines</li><li>What Investors Must Know About Over-the-Counter (OTC) Stocks</li><li>Lower Rates Put RV Stocks Back in the Fast Lane</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>Alphabet: Time to Take Profits, Buy, or Wait for a Pullback?</li><li>Growth Stocks: What They Are, Examples and How to Invest</li><li>Hershey vs. Mondelez: Which Stock Wins Chocolate Season?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlCTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in International Business Machines Right Now?</h2><p>Before you consider International Business Machines, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.</p><p>While International Business Machines currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Banque Pictet & Cie SA has reduced its stake in International Business Machines Corporation (IBM) by 23.4%, selling 10,810 shares in the second quarter, leaving it with 35,362 shares valued at approximately $10.42 million. Other institutional investors have also adjusted their holdings in IBM. The company's stock opened at $281.76, with a market cap of $261.86 billion and a recent quarterly EPS of $2.80, exceeding estimates. IBM announced a quarterly dividend of $1.68 per share, with a yield of 2.4%. Analysts have raised their price targets for IBM shares, reflecting positive sentiment.</p>

Banque Pictet & Cie SA Sells 10,810 Shares of International Business Machines Corporation $IBM