947 Shares in International Business Machines Corporation $IBM Bought by Patton Fund Management Inc.

Patton Fund Management Inc. acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the second quarter, Holdings Channel reports. The fund acquired 947 shares of the technology company’s stock, valued at approximately $279,000.

Other large investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in International Business Machines in the 1st quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines during the first quarter worth $31,000. Silicon Valley Capital Partners raised its position in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, Compass Financial Services Inc increased its stake in shares of International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after purchasing an additional 49 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. The Goldman Sachs Group raised their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Melius Research upgraded shares of International Business Machines to a “strong-buy” rating in a report on Monday, July 7th. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wedbush boosted their target price on shares of International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $275.00.

International Business Machines Stock Performance

NYSE:IBM opened at $284.72 on Friday. International Business Machines Corporation has a twelve month low of $203.51 and a twelve month high of $296.16. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a 50-day moving average of $254.07 and a 200-day moving average of $257.97. The firm has a market cap of $264.62 billion, a price-to-earnings ratio of 46.22, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

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.