Rep. Dwight Evans Purchases Shares of International Business Machines Co. (NYSE:IBM)

Representative Dwight Evans (D-Pennsylvania) recently bought shares of International Business Machines Co. NYSE: IBM. In a filing disclosed on April 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of American Tower NYSE: AMT on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

International Business Machines Trading Down 0.1 %

IBM stock traded down $0.12 during midday trading on Friday, reaching $238.45. 4,626,569 shares of the company traded hands, compared to its average volume of 4,232,328. The firm has a market capitalization of $221.10 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business has a 50 day moving average of $247.61 and a 200-day moving average of $233.49. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $266.45.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, sell-side analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio is 104.21%.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IBM. Wedbush began coverage on shares of International Business Machines in a report on Monday, February 3rd. They issued an "outperform" rating for the company. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Bank of America lifted their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Oppenheimer initiated coverage on International Business Machines in a report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective for the company. Finally, StockNews.com downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $232.75.

Institutional Trading of International Business Machines

A number of institutional investors have recently made changes to their positions in IBM. Compass Financial Services Inc acquired a new stake in International Business Machines during the fourth quarter worth $26,000. Vision Financial Markets LLC acquired a new position in International Business Machines during the 4th quarter worth $31,000. Avondale Wealth Management raised its holdings in International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Valued Wealth Advisors LLC grew its stake in shares of International Business Machines by 134.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after purchasing an additional 90 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth about $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.