Valpey Financial Services LLC Acquires Shares of 3,122 International Business Machines Corporation $IBM

Key Points

• Valpey Financial Services LLC has acquired 3,122 shares of International Business Machines Corporation (IBM), valued at approximately $920,000, as per their recent SEC filing.
• IBM's quarterly earnings exceeded expectations, reporting an EPS of $2.80 against a consensus of $2.65, with revenue of $16.98 billion, marking a 7.7% year-over-year increase.
• The company also declared a quarterly dividend of $1.68 per share, yielding an annualized rate of 2.3%, despite a high payout ratio of 109.09%.

Valpey Financial Services LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,122 shares of the technology company's stock, valued at approximately $920,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC bought a new position in shares of International Business Machines during the 2nd quarter worth $2,627,000. Grimes & Company Inc. grew its stake in shares of International Business Machines by 0.9% during the 2nd quarter. Grimes & Company Inc. now owns 16,080 shares of the technology company's stock worth $4,740,000 after acquiring an additional 141 shares during the period. JSF Financial LLC bought a new position in shares of International Business Machines during the 2nd quarter worth $239,000. Merit Financial Group LLC grew its stake in shares of International Business Machines by 34.3% during the 2nd quarter. Merit Financial Group LLC now owns 37,842 shares of the technology company's stock worth $11,155,000 after acquiring an additional 9,666 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of International Business Machines by 14.7% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 4,123 shares of the technology company's stock worth $1,215,000 after acquiring an additional 528 shares during the period. Institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IBM shares. JPMorgan Chase & Co. lifted their price objective on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Sanford C. Bernstein started coverage on shares of International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective for the company. UBS Group lifted their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $284.62.

International Business Machines Stock Up 0.7%

IBM opened at $288.62 on Monday. The company has a fifty day moving average price of $255.18 and a 200-day moving average price of $259.38. The firm has a market capitalization of $268.25 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.73. 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 Corporation has a one year low of $203.51 and a one year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared 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 was Friday, August 8th. International Business Machines's payout ratio is 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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