720 Shares in International Business Machines Corporation $IBM Acquired by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 720 shares of the technology company’s stock, valued at approximately $203,000.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines in the 1st quarter worth $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines in the 1st quarter worth $28,000. Dagco Inc. bought a new position in International Business Machines in the 1st quarter worth $31,000. Silicon Valley Capital Partners raised its holdings in International Business Machines by 322.6% in the 1st quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Compass Financial Services Inc raised its holdings in International Business Machines by 41.5% in the 1st quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after purchasing an additional 49 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Up 0.2%

Shares of NYSE IBM opened at $287.05 on Friday. The firm’s 50-day moving average is $254.60 and its two-hundred day moving average is $258.93. 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 company has a market capitalization of $266.78 billion, a PE ratio of 46.60, a price-to-earnings-growth ratio of 4.41 and a beta of 0.73. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $296.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results 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 net margin of 9.11% and a return on equity of 37.62%. 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 prior year, the business posted $2.43 earnings per share. International Business Machines’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is 109.09%.

Analyst Ratings Changes

IBM has been the subject of several recent research reports. Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their price target 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. Bank of America cut their price target on shares of International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, BMO Capital Markets lifted their price objective on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.62.

International Business Machines 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.