Triad Wealth Partners LLC Raises Stake in International Business Machines Corporation $IBM

Key Points

• Triad Wealth Partners LLC increased its stake in International Business Machines Corporation (IBM) by 147.9%, owning 2,196 shares valued at approximately $647,000.
• IBM reported a net margin of 9.11% and a revenue of $16.98 billion for the recent quarter, surpassing analysts' expectations.
• The company announced a quarterly dividend of $1.68 per share, equivalent to an annualized yield of 2.3%, despite a payout ratio of 109.09%.

Triad Wealth Partners LLC lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 147.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,196 shares of the technology company's stock after buying an additional 1,310 shares during the quarter. Triad Wealth Partners LLC's holdings in International Business Machines were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in International Business Machines by 10.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,885 shares of the technology company's stock valued at $39,761,000 after purchasing an additional 12,644 shares during the period. Jmac Enterprises LLC purchased a new stake in International Business Machines in the second quarter valued at approximately $590,000. TFG Advisers LLC grew its holdings in International Business Machines by 2.6% in the second quarter. TFG Advisers LLC now owns 12,401 shares of the technology company's stock valued at $3,656,000 after purchasing an additional 316 shares during the period. EWA LLC grew its holdings in International Business Machines by 20.5% in the second quarter. EWA LLC now owns 1,620 shares of the technology company's stock valued at $478,000 after purchasing an additional 276 shares during the period. Finally, Pinnacle Investment Management Ltd purchased a new stake in International Business Machines in the second quarter valued at approximately $133,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 0.2%

NYSE IBM opened at $287.05 on Friday. The company's fifty day simple moving average is $254.60 and its 200-day simple moving average is $258.93. International Business Machines Corporation has a 52 week low of $203.51 and a 52 week high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The stock has a market cap of $266.78 billion, a P/E ratio of 46.60, a PEG ratio of 4.41 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, topping 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 business had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the previous year, the company posted $2.43 earnings per share. The business'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. Equities research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 8th. International Business Machines's payout ratio is presently 109.09%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IBM. The Goldman Sachs Group boosted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. BMO Capital Markets boosted their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen raised shares of International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada lifted their price target on shares of International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $284.62.

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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