Sippican Capital Advisors Takes $226,000 Position in International Business Machines Corporation $IBM

Sippican Capital Advisors bought a new position in International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 768 shares of the technology company’s stock, valued at approximately $226,000.

A number of other hedge funds have also added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in International Business Machines in the second quarter worth about $25,000. Christopher J. Hasenberg Inc purchased a new stake in shares of International Business Machines during the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new position in shares of International Business Machines in the first quarter worth approximately $31,000. Finally, Silicon Valley Capital Partners grew its position in International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock valued at $32,000 after buying an additional 100 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a “market perform” rating and a $280.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wedbush raised their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $284.62.

International Business Machines Price Performance

Shares of IBM opened at $278.09 on Friday. The company has a 50 day moving average of $258.19 and a two-hundred day moving average of $260.68. 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 $301.04. The company has a market cap of $258.45 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.73.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced 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 was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s dividend payout ratio is currently 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.