Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Holdings in International Business Machines Corporation $IBM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,052 shares of the technology company’s stock after purchasing an additional 3,254 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in International Business Machines were worth $13,829,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Basepoint Wealth LLC purchased a new position in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Family CFO Inc purchased a new stake in International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management acquired a new position in International Business Machines in the 4th quarter valued at $28,000. Cornerstone Financial Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $28,000. Finally, SWAN Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter worth $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a report on Friday, May 22nd. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and increased their target price for the stock from $218.00 to $231.00 in a research report on Tuesday, April 28th. Susquehanna began coverage on International Business Machines in a research note on Friday. They issued a “neutral” rating and a $303.00 price target on the stock. Roth Capital restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Finally, Bank of America upped their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $306.28.

International Business Machines Trading Up 1.0%

IBM stock opened at $290.46 on Tuesday. The company has a market cap of $273.00 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.78 and a beta of 0.68. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The business has a fifty day simple moving average of $264.95 and a 200-day simple moving average of $265.82. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Jim Cramer called IBM inexpensive, praised CEO Arvind Krishna’s execution, and suggested buying the stock, reinforcing the bullish view that the company is undervalued. Jim Cramer on IBM: “It’s Inexpensive and Arvind Krishna’s Doing a Fantastic Job”
• Positive Sentiment: IBM unveiled major updates to its Bob AI platform, which could improve its competitive position in enterprise AI and support the stock’s growth narrative. IBM Just Unveiled Major Updates to Its Bob AI Platform. How to Play IBM Stock Here.
• Positive Sentiment: Market commentary on IBM’s quantum efforts and its presence in a Capitol Hill quantum tech showcase kept attention on the company’s long-term technology upside. Quantum Tech on Capitol Hill: Nvidia, IBM and More Stocks to Watch
• Positive Sentiment: Analysts and media reports framed IBM as a potential dividend-and-growth name, suggesting investors still see defensive appeal alongside capital appreciation potential. 3 Dividend Stocks with Growth on Tap for the Second Half
• Neutral Sentiment: Several articles debated IBM’s place in the AI trade and whether it can remain steady through an AI “reset,” but these pieces were more about positioning than a clear new catalyst. Can IBM (NYSE:IBM) Stay Steady Through the AI Reset?
• Neutral Sentiment: A comparison article argued HubSpot has the edge over IBM on faster growth and valuation, which is a mild reminder that IBM still faces competition for AI investor dollars. HubSpot vs. IBM: Which AI Software Stock is a Better Buy Now?

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.