International Business Machines Corporation $IBM Shares Bought by NovaPoint Capital LLC

Key Points

• NovaPoint Capital LLC increased its stake in IBM by 7.2%, holding 21,546 shares worth approximately $6.35 million, making it the 14th largest holding in its portfolio.
• Analysts have revised their price targets for IBM, with JPMorgan Chase raising it to $290 and UBS adjusting it to $200, reflecting a range of ratings from strong buy to sell.
• IBM reported a quarterly earnings per share of $2.80, surpassing expectations and showing a revenue increase of 7.7% year-over-year, with a current market cap of $264.62 billion.

NovaPoint Capital LLC raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,546 shares of the technology company's stock after buying an additional 1,449 shares during the quarter. International Business Machines comprises about 1.9% of NovaPoint Capital LLC's portfolio, making the stock its 14th biggest holding. NovaPoint Capital LLC's holdings in International Business Machines were worth $6,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc purchased a new stake in International Business Machines during the first quarter worth about $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter worth about $28,000. Dagco Inc. purchased a new stake in International Business Machines during the first quarter worth about $31,000. Silicon Valley Capital Partners increased its stake 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 worth $32,000 after purchasing an additional 100 shares during the period. Finally, Compass Financial Services Inc increased its stake in International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company's stock worth $42,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

IBM has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group boosted their price target on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research note on Thursday, July 24th. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Sanford C. Bernstein began coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a "market perform" rating and a $280.00 target price on the stock. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $275.00.

International Business Machines Price Performance

Shares of NYSE IBM opened at $284.72 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 fifty day moving average price of $254.07 and a 200 day moving average price of $257.97. International Business Machines Corporation has a 1-year low of $203.51 and a 1-year high of $296.16. The company has a market cap of $264.62 billion, a PE ratio of 46.22, a P/E/G ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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 return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the prior year, the business posted $2.43 earnings per share. International Business Machines's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is currently 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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