First Business Financial Services Inc. Increases Position in International Business Machines Corporation $IBM

Key Points

• First Business Financial Services Inc. increased its stake in International Business Machines Corporation (IBM) by 105.1%, now owning 2,113 shares valued at $623,000.
• Several institutional investors have also recently acquired or increased their positions in IBM, with hedge funds owning 58.96% of the company's stock.
• IBM reported earnings of $2.65 per share, surpassing estimates, with quarterly revenue of $16.33 billion, a 9.1% increase from the previous year.

First Business Financial Services Inc. increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 105.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,113 shares of the technology company's stock after purchasing an additional 1,083 shares during the quarter. First Business Financial Services Inc.'s holdings in International Business Machines were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $25,000. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines in the first quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new stake in International Business Machines in the first quarter worth about $28,000. Dagco Inc. purchased a new stake in shares of International Business Machines during the first quarter worth about $31,000. Finally, Silicon Valley Capital Partners increased its holdings 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 valued at $32,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley reduced their price target on shares of International Business Machines from $256.00 to $252.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Stifel Nicolaus cut their price target on International Business Machines from $310.00 to $295.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Bank of America lifted their price objective on International Business Machines from $310.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of "Hold" and an average price target of $288.00.

International Business Machines Stock Down 1.3%

IBM opened at $283.91 on Friday. The company has a fifty day moving average of $264.85 and a two-hundred day moving average of $262.96. The stock has a market capitalization of $263.86 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 4.42 and a beta of 0.73. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $301.04. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.99% and a net margin of 12.09%.The firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the business earned $2.30 EPS. International Business Machines's revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's payout ratio is currently 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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