Kingstone Capital Partners Texas LLC Buys Shares of 13,692 International Business Machines Corporation $IBM

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in International Business Machines Corporation (IBM), purchasing 13,692 shares worth approximately $4,036,000 during the 2nd quarter.
• IBM reported earnings of $2.80 per share for the latest quarter, exceeding analysts' expectations and showcasing a 7.7% increase in revenue year-over-year.
• The company declared a quarterly dividend of $1.68 per share, with an annualized yield of 2.5%, despite a high payout ratio of 109.09%.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,692 shares of the technology company's stock, valued at approximately $4,036,000.

A number of other institutional investors also recently added to or reduced their stakes in IBM. Christopher J. Hasenberg Inc bought a new stake in International Business Machines during the first quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines during the first quarter valued at about $28,000. Dagco Inc. bought a new stake in International Business Machines during the first quarter valued at about $31,000. Silicon Valley Capital Partners boosted its position 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 valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Compass Financial Services Inc boosted its position 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 valued at $42,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Sanford C. Bernstein initiated coverage on International Business Machines in a report on Monday, September 15th. They issued a "market perform" rating and a $280.00 price target for the company. Bank of America lowered their price target on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $275.00.

International Business Machines Trading Down 0.4%

Shares of International Business Machines stock traded down $1.11 during trading hours on Tuesday, hitting $270.26. The company's stock had a trading volume of 1,952,849 shares, compared to its average volume of 4,672,703. The firm has a fifty day moving average of $254.58 and a 200-day moving average of $257.38. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $251.18 billion, a price-to-earnings ratio of 43.82, a P/E/G ratio of 4.10 and a beta of 0.71.

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. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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 2.5%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 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.