Chicago Partners Investment Group LLC Acquires 3,302 Shares of International Business Machines Corporation $IBM

Key Points

• Chicago Partners Investment Group increased its IBM holdings by 13.7% in the second quarter, adding 3,302 shares for a total of 27,405 shares valued at approximately $7.7 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched expectations at $2.93 earnings per share, while revenue rose 1.1% year over year to $17.16 billion but fell short of analyst estimates. The company reported a 15.52% net margin and 35.65% return on equity.
• IBM declared a quarterly dividend of $1.69, equivalent to a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $265.40, above the reported share price of $228.53.

Chicago Partners Investment Group LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,405 shares of the technology company's stock after buying an additional 3,302 shares during the period. Chicago Partners Investment Group LLC's holdings in International Business Machines were worth $7,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBM. Basepoint Wealth LLC bought a new position in shares of International Business Machines in the fourth quarter worth $25,000. Portus Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management purchased a new stake in International Business Machines during the 4th quarter worth about $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines during the 4th quarter worth about $28,000. Finally, SWAN Capital LLC bought a new position in International Business Machines in the 3rd quarter worth about $28,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock opened at $228.53 on Tuesday. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The business has a 50-day simple moving average of $250.33 and a 200 day simple moving average of $252.43. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The stock has a market cap of $215.31 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts' consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the company earned $2.80 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts forecast that International Business Machines Corporation will post 12.33 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 Thursday, September 10th. Investors of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend payout ratio is 59.98%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DZ Bank raised International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price for the company in a report on Friday, April 24th. Weiss Ratings downgraded shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Bank of America raised their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $270.00 price objective on shares of International Business Machines in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $265.40.

International Business Machines News Roundup

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source