Chicago Partners Investment Group LLC Buys 54 Shares of International Business Machines Corporation $IBM

Chicago Partners Investment Group LLC increased its position in International Business Machines Corporation (NYSE:IBM) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the technology company’s stock after acquiring an additional 54 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in International Business Machines were worth $6,091,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. First Bancorp Inc ME increased its stake in shares of International Business Machines by 3.6% in the second quarter. First Bancorp Inc ME now owns 4,032 shares of the technology company’s stock worth $1,189,000 after purchasing an additional 140 shares in the last quarter. Burford Brothers Inc. lifted its stake in shares of International Business Machines by 1.9% during the 2nd quarter. Burford Brothers Inc. now owns 4,991 shares of the technology company’s stock valued at $1,471,000 after buying an additional 95 shares in the last quarter. Joseph P. Lucia & Associates LLC boosted its holdings in International Business Machines by 4.7% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 4,635 shares of the technology company’s stock worth $1,366,000 after buying an additional 210 shares during the period. International Assets Investment Management LLC increased its stake in International Business Machines by 5.2% in the 2nd quarter. International Assets Investment Management LLC now owns 10,123 shares of the technology company’s stock worth $2,984,000 after buying an additional 499 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in International Business Machines in the 2nd quarter worth $133,771,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Morgan Stanley boosted their price target on International Business Machines from $253.00 to $256.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group increased their price objective 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. Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $286.38.

International Business Machines Trading Up 1.8%

IBM stock opened at $280.95 on Friday. The firm has a market cap of $261.12 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The firm has a fifty day moving average price of $261.07 and a 200 day moving average price of $261.73. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were given 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 yield of 2.4%. 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.