Silverberg Bernstein Capital Management LLC Purchases 3,050 Shares of International Business Machines Corporation $IBM

Key Points

• Silverberg Bernstein Capital Management LLC increased its stake in International Business Machines Corporation by 26.8%, purchasing an additional 3,050 shares, which now makes IBM the firm's 9th largest holding.
• IBM's recent quarterly earnings report showed an earnings per share (EPS) of $2.80, surpassing expectations and demonstrating a 7.7% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $1.68 per share, resulting in a 2.6% yield and highlighting a payout ratio of 109.09%.

Silverberg Bernstein Capital Management LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 26.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,450 shares of the technology company's stock after buying an additional 3,050 shares during the period. International Business Machines accounts for approximately 2.9% of Silverberg Bernstein Capital Management LLC's portfolio, making the stock its 9th biggest holding. Silverberg Bernstein Capital Management LLC's holdings in International Business Machines were worth $4,260,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC acquired a new position in International Business Machines during the first quarter worth approximately $396,000. Brooklyn Investment Group increased its position in International Business Machines by 32.7% during the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after buying an additional 1,630 shares during the period. Edgar Lomax Co. VA increased its position in International Business Machines by 5.7% during the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company's stock worth $58,676,000 after buying an additional 12,690 shares during the period. Left Brain Wealth Management LLC raised its stake in shares of International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after purchasing an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $256.29 on Tuesday. International Business Machines Corporation has a one year low of $203.51 and a one year 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 company has a 50 day moving average price of $256.87 and a 200 day moving average price of $256.99. The firm has a market capitalization of $238.20 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 3.90 and a beta of 0.71.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 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 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. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 8th. International Business Machines's payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IBM shares. Bank of America decreased 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. Melius Research raised International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Sanford C. Bernstein assumed coverage on International Business Machines in a report on Monday. They set a "market perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $270.67.

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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