Tompkins Financial Corp Purchases 45 Shares of International Business Machines Corporation $IBM

Tompkins Financial Corp increased its position in International Business Machines Corporation (NYSE:IBM) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,117 shares of the technology company’s stock after buying an additional 45 shares during the quarter. Tompkins Financial Corp’s holdings in International Business Machines were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines during the first quarter valued at approximately $31,000. Silicon Valley Capital Partners boosted its position 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 worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc grew 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 worth $42,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.5%

NYSE:IBM opened at $258.92 on Thursday. The firm has a market capitalization of $240.64 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 3.97 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The business has a fifty day moving average price of $255.59 and a 200-day moving average price of $257.00. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business 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 company posted $2.43 earnings per share. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued 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 yield of 2.6%. International Business Machines’s payout ratio is currently 109.09%.

Analysts Set New Price Targets

Several research firms have commented on IBM. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday. They issued a “market perform” rating and a $280.00 target price on the stock. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Wedbush raised their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, UBS Group increased their price target on shares of International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Hold” and an average target price of $275.00.

About International Business Machines

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.