Apexium Financial LP Acquires 1,921 Shares of International Business Machines Corporation $IBM

Key Points

• Apexium Financial LP increased its stake in International Business Machines Corporation (IBM) by 20.3%, acquiring an additional 1,921 shares to reach a total holding of 11,364 shares, valued at $3.35 million.
• Multiple analysts have revised their price targets for IBM, with UBS setting a new target of $200 while Stifel Nicolaus raised theirs to $310, reflecting varied expectations on the stock's performance.
• IBM reported a quarterly EPS of $2.80, exceeding expectations and indicating a 7.7% year-over-year revenue growth, with a current market capitalization of $268.25 billion.

Apexium Financial LP boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 20.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,364 shares of the technology company's stock after buying an additional 1,921 shares during the quarter. Apexium Financial LP's holdings in International Business Machines were worth $3,350,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IBM. Family CFO Inc bought a new stake in International Business Machines during the second quarter valued at approximately $25,000. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the first quarter valued at approximately $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter valued at approximately $28,000. Dagco Inc. purchased a new position in International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners lifted its holdings 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 purchasing an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on IBM shares. UBS Group lifted their price target 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of International Business Machines in a report on Saturday, September 27th. Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Bank of America lowered their price target on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Finally, BMO Capital Markets lifted their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of "Hold" and a consensus price target of $284.62.

International Business Machines Price Performance

IBM stock opened at $288.62 on Friday. International Business Machines Corporation has a one year low of $203.51 and a one year high of $296.16. The company's fifty day moving average price is $255.18 and its 200-day moving average price is $259.22. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $268.25 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm earned $2.43 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.3%. International Business Machines's dividend payout ratio is presently 109.09%.

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.

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