O Brien Greene & Co. Inc Acquires Shares of 744 International Business Machines Corporation $IBM

O Brien Greene & Co. Inc bought a new position in shares of International Business Machines Corporation (NYSE:IBM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 744 shares of the technology company’s stock, valued at approximately $219,000.

A number of other hedge funds have also modified their holdings of the business. Family CFO Inc acquired a new stake in International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc purchased a new position in International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in International Business Machines during the first quarter worth $28,000. Dagco Inc. acquired a new stake in shares of International Business Machines in the 1st quarter worth $31,000. Finally, Silicon Valley Capital Partners raised its holdings in shares of International Business Machines by 322.6% during the 1st 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. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America raised their price objective on International Business Machines from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Morgan Stanley lowered their price objective on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Stifel Nicolaus reduced their price objective on International Business Machines from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets raised their price objective on International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Trading Up 2.0%

Shares of IBM opened at $312.79 on Friday. The company has a market capitalization of $292.37 billion, a P/E ratio of 37.41, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The stock has a 50-day moving average price of $278.19 and a 200 day moving average price of $268.34. International Business Machines Corporation has a one year low of $204.07 and a one year high of $319.35.

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

International Business Machines Dividend Announcement

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

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.