9,970 Shares in International Business Machines Corporation $IBM Bought by Seamount Financial Group Inc.

Seamount Financial Group Inc. acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 9,970 shares of the technology company’s stock, valued at approximately $2,939,000. International Business Machines makes up 1.5% of Seamount Financial Group Inc.’s portfolio, making the stock its 21st biggest position.

Several other hedge funds also recently made changes to their positions in the company. Lifestyle Asset Management Inc. boosted its holdings in International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares in the last quarter. Whelan Financial lifted its holdings in shares of International Business Machines by 2.4% in the 2nd quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock valued at $450,000 after buying an additional 36 shares during the period. Blue Edge Capital LLC boosted its stake in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company’s stock valued at $1,685,000 after buying an additional 39 shares in the last quarter. Johnson Bixby & Associates LLC boosted its stake in shares of International Business Machines by 3.3% in the second quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company’s stock valued at $356,000 after buying an additional 39 shares in the last quarter. Finally, Tacita Capital Inc grew its holdings in International Business Machines by 20.8% during the first quarter. Tacita Capital Inc now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IBM shares. JPMorgan Chase & Co. raised their target price on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Royal Bank Of Canada raised their price objective on shares of International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of International Business Machines in a report on Saturday, September 27th. Finally, Stifel Nicolaus boosted their price target on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Hold” and a consensus target price of $284.62.

International Business Machines Stock Performance

NYSE:IBM opened at $289.70 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $269.25 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. The firm has a 50-day moving average price of $255.71 and a two-hundred day moving average price of $259.70. 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 results on Wednesday, July 23rd. The technology company reported $2.80 EPS 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 business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business earned $2.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced 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. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

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.