Representative Jefferson Shreve (R-Indiana) recently sold shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in International Business Machines stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
International Business Machines Stock Down 7.5%
Shares of IBM traded down $21.18 on Thursday, reaching $260.83. The stock had a trading volume of 17,025,236 shares, compared to its average volume of 4,571,935. The company has a 50-day simple moving average of $277.95 and a 200-day simple moving average of $255.30. The firm has a market capitalization of $242.42 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 6.01 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $181.81 and a 12-month high of $296.16. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01.
International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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 return on equity of 37.43% and a net margin of 8.71%. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. International Business Machines's revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.
International Business Machines Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a yield of 2.58%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on IBM shares. Wall Street Zen cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Stifel Nicolaus lifted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Melius Research upgraded International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $268.75.
Read Our Latest Report on International Business Machines
Institutional Trading of International Business Machines
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family CFO Inc bought a new position in shares of International Business Machines in the second quarter valued at $25,000. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the first quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in shares of International Business Machines in the first quarter valued at $28,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the fourth quarter valued at $31,000. Finally, Dagco Inc. purchased a new position in International Business Machines during the 1st quarter worth $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About International Business Machines
(
Get Free Report)
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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