Joel Isaacson & Co. LLC Grows Position in International Business Machines Corporation $IBM

Key Points

• Joel Isaacson & Co. LLC increased its stake in International Business Machines Corporation (IBM) by 6.4%, owning 18,889 shares valued at approximately $5.57 million after acquiring additional shares during the second quarter.
• Notable institutional investors, including Roundview Capital LLC and Sunbeam Capital Management LLC, significantly adjusted their positions in IBM, reflecting growing confidence in the company's prospects.
• IBM recently reported earnings of $2.80 per share for the quarter, exceeding analyst estimates, and announced a dividend of $1.68 per share, indicating a dividend yield of 2.3%.

Joel Isaacson & Co. LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,889 shares of the technology company's stock after buying an additional 1,130 shares during the quarter. Joel Isaacson & Co. LLC's holdings in International Business Machines were worth $5,568,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IBM. Roundview Capital LLC grew its stake in shares of International Business Machines by 34.8% during the 2nd quarter. Roundview Capital LLC now owns 3,219 shares of the technology company's stock valued at $949,000 after acquiring an additional 831 shares during the period. Sunbeam Capital Management LLC lifted its holdings in International Business Machines by 146.4% during the second quarter. Sunbeam Capital Management LLC now owns 2,506 shares of the technology company's stock valued at $739,000 after purchasing an additional 1,489 shares in the last quarter. Tyche Wealth Partners LLC increased its stake in shares of International Business Machines by 1.4% in the second quarter. Tyche Wealth Partners LLC now owns 2,857 shares of the technology company's stock worth $842,000 after purchasing an additional 40 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in shares of International Business Machines by 2.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 441,830 shares of the technology company's stock valued at $130,243,000 after purchasing an additional 10,000 shares during the period. Finally, Bingham Private Wealth LLC raised its position in shares of International Business Machines by 1.3% during the 2nd quarter. Bingham Private Wealth LLC now owns 5,973 shares of the technology company's stock valued at $1,761,000 after purchasing an additional 79 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. BMO Capital Markets increased their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Weiss Ratings restated a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. Finally, Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $284.62.

International Business Machines Stock Performance

NYSE:IBM opened at $289.70 on Tuesday. The company has a market cap of $269.25 billion, a price-to-earnings ratio of 47.03, 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 stock's 50 day simple moving average is $255.71 and its two-hundred day simple moving average is $259.70. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

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 for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $2.43 earnings per share. International Business Machines's revenue for the quarter 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 analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

International Business Machines Company 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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