Rep. Dwight Evans Buys International Business Machines Co. (NYSE:IBM) Shares

Representative Dwight Evans (D-Pennsylvania) recently bought shares of International Business Machines Co. NYSE: IBM. In a filing disclosed on April 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of American Tower NYSE: AMT on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

International Business Machines Price Performance

IBM traded up $5.06 during midday trading on Tuesday, reaching $241.28. 4,227,136 shares of the company's stock were exchanged, compared to its average volume of 4,239,415. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The stock has a market capitalization of $223.73 billion, a PE ratio of 37.64, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The business's 50-day moving average price is $246.87 and its 200 day moving average price is $233.79.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.77%. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina lifted its holdings in shares of International Business Machines by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock valued at $108,942,000 after acquiring an additional 4,131 shares in the last quarter. Blue Zone Wealth Advisors LLC purchased a new position in International Business Machines in the fourth quarter valued at about $242,000. Brady Martz Wealth Solutions LLC acquired a new position in shares of International Business Machines during the fourth quarter worth about $1,940,000. Tranquilli Financial Advisor LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth about $373,000. Finally, Truist Financial Corp grew its stake in shares of International Business Machines by 6.5% in the fourth quarter. Truist Financial Corp now owns 811,062 shares of the technology company's stock valued at $178,296,000 after buying an additional 49,591 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on IBM. Royal Bank of Canada reaffirmed an "outperform" rating and set a $276.00 price objective on shares of International Business Machines in a research note on Monday, April 14th. BMO Capital Markets raised their price target on shares of International Business Machines from $260.00 to $280.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Bank of America raised their target price on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group cut their price target on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Hold" and a consensus price target of $232.75.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the sale, the senior vice president now owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.