Uptown Financial Advisors LLC Purchases New Shares in International Business Machines Corporation $IBM

Uptown Financial Advisors LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 743 shares of the technology company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines during the 1st quarter valued at $28,000. Dagco Inc. acquired a new stake in International Business Machines during the 1st quarter valued at $31,000. Silicon Valley Capital Partners increased its holdings 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, Compass Financial Services Inc increased its holdings in International Business Machines by 41.5% during the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock valued at $42,000 after purchasing an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.5%

Shares of International Business Machines stock opened at $258.92 on Thursday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The business has a 50-day moving average of $255.59 and a two-hundred day moving average of $257.00. The company has a market capitalization of $240.64 billion, a P/E 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.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The company’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, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were issued a dividend of $1.68 per share. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wedbush raised their price target on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Stifel Nicolaus boosted their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Bank of America dropped their target price 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. Sanford C. Bernstein assumed coverage on International Business Machines in a research report on Monday. They set a “market perform” rating and a $280.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. One research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.