Seamount Financial Group Inc. Invests $2.94 Million in International Business Machines Corporation $IBM

Seamount Financial Group Inc. bought a new stake in International Business Machines Corporation (NYSE:IBM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,970 shares of the technology company’s stock, valued at approximately $2,939,000. International Business Machines accounts for 1.5% of Seamount Financial Group Inc.’s investment portfolio, making the stock its 21st largest holding.

Several other large investors also recently bought and sold shares of the stock. Family CFO Inc purchased a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter valued at $28,000. Highline Wealth Partners LLC raised its stake in International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in International Business Machines in the first quarter valued at $31,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM opened at $289.70 on Tuesday. The company’s 50 day simple moving average is $255.71 and its 200-day simple moving average is $259.70. The firm has a market cap of $269.25 billion, a PE ratio of 47.03, a price-to-earnings-growth ratio of 4.44 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. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating 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 the consensus estimate of $16.58 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. International Business Machines’s revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 109.09%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBM. Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Stifel Nicolaus increased their price target on shares of International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. UBS Group raised their price objective on shares of International Business Machines from $195.00 to $200.00 and gave the stock a “sell” rating in a report on Thursday, July 24th. Wedbush upped their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of International Business Machines in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.