Purkiss Capital Advisors LLC Makes New Investment in International Business Machines Corporation $IBM

Purkiss Capital Advisors LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 686 shares of the technology company’s stock, valued at approximately $202,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Clark Asset Management LLC bought a new stake in International Business Machines during the second quarter worth approximately $1,470,000. May Hill Capital LLC bought a new stake in International Business Machines during the second quarter worth approximately $380,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in International Business Machines by 13.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 217,281 shares of the technology company’s stock worth $64,050,000 after purchasing an additional 25,000 shares during the period. SYM FINANCIAL Corp boosted its position in International Business Machines by 5.2% during the second quarter. SYM FINANCIAL Corp now owns 2,625 shares of the technology company’s stock worth $774,000 after purchasing an additional 130 shares during the period. Finally, Facet Wealth Inc. boosted its position in shares of International Business Machines by 99.0% in the second quarter. Facet Wealth Inc. now owns 5,846 shares of the technology company’s stock valued at $1,723,000 after acquiring an additional 2,909 shares during the period. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 0.1%

Shares of IBM stock opened at $312.90 on Wednesday. The stock has a market cap of $292.47 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 4.40 and a beta of 0.73. International Business Machines Corporation has a one year low of $203.51 and a one year high of $319.35. The stock has a fifty day moving average price of $269.11 and a 200 day moving average price of $265.19. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 80.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on International Business Machines from $310.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Melius Research raised International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley reduced their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

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.