Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $14.29 Million Position in International Business Machines Corporation $IBM

Key Points

• Empirical Financial Services LLC increased its stake in International Business Machines (IBM) by 9.3%, bringing its total position to $14.29 million by acquiring 4,122 additional shares.
• Analysts have positive outlooks for IBM, with recent price targets raised by institutions such as JPMorgan Chase & Co. and BMO Capital Markets, suggesting a potential for growth despite varied ratings among analysts.
• IBM recently declared a $1.68 quarterly dividend, with a yield of 2.3%, although it has a high dividend payout ratio of 109.09%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,474 shares of the technology company's stock after acquiring an additional 4,122 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in International Business Machines were worth $14,289,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBM. Brighton Jones LLC lifted its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Apella Capital LLC raised its holdings in International Business Machines by 33.2% during the first quarter. Apella Capital LLC now owns 6,592 shares of the technology company's stock worth $1,551,000 after buying an additional 1,644 shares during the last quarter. Nixon Peabody Trust Co. acquired a new position in International Business Machines during the first quarter worth $256,000. Matrix Trust Co raised its holdings in International Business Machines by 23.7% during the first quarter. Matrix Trust Co now owns 1,968 shares of the technology company's stock worth $489,000 after buying an additional 377 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC acquired a new position in International Business Machines during the first quarter worth $224,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. Finally, Erste Group Bank downgraded shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $284.62.

International Business Machines Stock Performance

NYSE IBM opened at $287.05 on Friday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. 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 firm has a market cap of $266.78 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 4.41 and a beta of 0.73. The company has a fifty day moving average price of $254.60 and a 200-day moving average price of $258.93.

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. 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 during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The business's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a yield of 2.3%. International Business Machines's dividend payout ratio is presently 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.

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