4,870 Shares in International Business Machines Corporation $IBM Bought by Brian Low Financial Group LLC

Key Points

• Brian Low Financial Group LLC has acquired 4,870 shares of International Business Machines Corporation (IBM) valued at approximately $1.436 million, making it the firm's 17th largest position.
• IBM's stock price recently increased by 8.0% and has a market cap of $286.05 billion, with a one-year price range of $203.51 to $310.75.
• The company reported earnings per share (EPS) of $2.65 for the quarter, exceeding analysts' expectations, with a quarterly revenue of $16.33 billion, up 9.1% year-over-year.

Brian Low Financial Group LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,870 shares of the technology company's stock, valued at approximately $1,436,000. International Business Machines comprises 1.3% of Brian Low Financial Group LLC's portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family CFO Inc acquired a new stake in International Business Machines in the second quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines in the first quarter valued at about $28,000. Dagco Inc. bought a new stake in shares of International Business Machines in the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners raised its position in shares of International Business Machines by 322.6% during the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock worth $32,000 after purchasing an additional 100 shares during the period. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on International Business Machines from $315.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday. Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $300.00 to $305.00 and gave the company a "market perform" rating in a research report on Thursday. Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 target price for the company. Finally, UBS Group lifted their price target on International Business Machines from $200.00 to $210.00 and gave the company a "sell" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus target price of $288.00.

International Business Machines Trading Up 8.0%

International Business Machines stock opened at $307.78 on Friday. The company has a market cap of $286.05 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73. The firm has a 50-day moving average of $266.21 and a 200-day moving average of $263.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. International Business Machines Corporation has a one year low of $203.51 and a one year high of $310.75.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. During the same quarter in the previous year, the business earned $2.30 earnings per share. International Business Machines's quarterly revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines's dividend payout ratio is presently 80.38%.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.