BridgePort Financial Solutions LLC Purchases 2,110 Shares of International Business Machines Corporation $IBM

Key Points

• BridgePort Financial Solutions LLC increased its stake in International Business Machines Corporation (IBM) by 122.3% in the second quarter, acquiring an additional 2,110 shares for a total of 3,835 shares valued at approximately $1.13 million.
• International Business Machines reported quarterly earnings of $2.80 per share, exceeding analyst expectations by $0.15, with revenue of $16.98 billion, up 7.7% year-over-year.
• The company announced a quarterly dividend of $1.68, indicating an annual yield of 2.3%, though its dividend payout ratio stands at 109.09%.

BridgePort Financial Solutions LLC boosted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 122.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,835 shares of the technology company's stock after acquiring an additional 2,110 shares during the quarter. BridgePort Financial Solutions LLC's holdings in International Business Machines were worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Family CFO Inc bought a new position in International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the first quarter valued at $28,000. Dagco Inc. bought a new position in International Business Machines in the first quarter valued at $31,000. Finally, Silicon Valley Capital Partners increased its stake in International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Up 0.7%

NYSE IBM opened at $288.62 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $268.25 billion, a PE ratio of 46.85, a PEG ratio of 4.44 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The business's 50-day moving average is $255.18 and its 200 day moving average is $259.27.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on International Business Machines in a research note on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. 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 note on Friday, June 20th. UBS Group raised their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised their price objective on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $284.62.

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.

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