First Bancorp Inc ME Buys 140 Shares of International Business Machines Corporation $IBM

First Bancorp Inc ME raised its position in International Business Machines Corporation (NYSE:IBM) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,032 shares of the technology company’s stock after buying an additional 140 shares during the period. First Bancorp Inc ME’s holdings in International Business Machines were worth $1,189,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBM. Brighton Jones LLC lifted its holdings in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. GAMMA Investing LLC increased its position in shares of International Business Machines by 19.3% during the first quarter. GAMMA Investing LLC now owns 17,694 shares of the technology company’s stock worth $4,400,000 after acquiring an additional 2,862 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in shares of International Business Machines by 4.3% during the first quarter. Jamison Private Wealth Management Inc. now owns 1,739 shares of the technology company’s stock worth $432,000 after acquiring an additional 72 shares in the last quarter. Denver Wealth Management Inc. bought a new position in International Business Machines in the first quarter valued at $225,000. Finally, Perfromance Wealth Partners LLC lifted its stake in International Business Machines by 2.9% in the first quarter. Perfromance Wealth Partners LLC now owns 9,798 shares of the technology company’s stock valued at $2,436,000 after acquiring an additional 273 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM opened at $280.95 on Friday. The stock has a 50-day moving average price of $261.07 and a 200-day moving average price of $261.73. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market cap of $261.12 billion, a PE ratio of 45.61, a P/E/G ratio of 4.33 and a beta of 0.73. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $301.04.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.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 previous year, the firm earned $2.43 EPS. International Business Machines’s quarterly revenue 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 predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date was Friday, August 8th. This represents a $6.72 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is presently 109.09%.

Analyst Ratings Changes

IBM has been the topic of a number of recent research reports. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Wall Street Zen downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and a consensus price target of $286.38.

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.