Chicago Capital LLC Has $4.14 Million Position in International Business Machines Corporation $IBM

Chicago Capital LLC grew its stake in International Business Machines Corporation (NYSE:IBM) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 14,034 shares of the technology company’s stock after buying an additional 217 shares during the quarter. Chicago Capital LLC’s holdings in International Business Machines were worth $4,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IBM. Emerald Advisors LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $227,000. G&S Capital LLC boosted its position in International Business Machines by 61.9% during the 2nd quarter. G&S Capital LLC now owns 20,293 shares of the technology company’s stock worth $5,982,000 after buying an additional 7,755 shares during the period. Presper Financial Architects LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $1,494,000. Summit Financial Strategies Inc. acquired a new stake in International Business Machines during the 2nd quarter worth approximately $236,000. Finally, Spartan Planning & Wealth Management boosted its position in International Business Machines by 3.1% during the 2nd quarter. Spartan Planning & Wealth Management now owns 1,774 shares of the technology company’s stock worth $523,000 after buying an additional 53 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $280.02 on Tuesday. The company has a fifty day moving average of $253.98 and a 200-day moving average of $258.34. The firm has a market capitalization of $260.25 billion, a P/E ratio of 45.46, a P/E/G ratio of 4.38 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating 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 company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the business posted $2.43 EPS. International Business Machines’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. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were given 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 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IBM shares. 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. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, Wedbush raised their price target on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $275.00.

International Business Machines 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.