Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of International Business Machines Co. NYSE: IBM. In a filing disclosed on April 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in International Business Machines stock on March 10th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Cadence Design Systems NASDAQ: CDNS on 3/17/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 3/13/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/13/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 3/11/2025.
- Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/11/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/11/2025.
International Business Machines Stock Up 2.4 %
IBM stock traded up $5.65 during mid-day trading on Monday, reaching $241.13. 240,781 shares of the company traded hands, compared to its average volume of 4,202,832. International Business Machines Co. has a fifty-two week low of $162.62 and a fifty-two week high of $266.45. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm's 50 day moving average price is $249.14 and its 200 day moving average price is $233.02. The stock has a market cap of $223.59 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 5.81 and a beta of 0.67.
International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities research analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.
International Business Machines Announces Dividend
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 2.77%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.
Insider Buying and Selling
In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.
Institutional Trading of International Business Machines
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBM. Sivia Capital Partners LLC increased its holdings in International Business Machines by 18.4% in the 1st quarter. Sivia Capital Partners LLC now owns 1,752 shares of the technology company's stock worth $436,000 after buying an additional 272 shares during the period. Piscataqua Savings Bank grew its holdings in International Business Machines by 12.8% in the first quarter. Piscataqua Savings Bank now owns 3,398 shares of the technology company's stock valued at $845,000 after purchasing an additional 385 shares during the period. Persium Advisors LLC boosted its holdings in International Business Machines by 2.3% in the 1st quarter. Persium Advisors LLC now owns 3,160 shares of the technology company's stock worth $786,000 after buying an additional 72 shares during the last quarter. Holland Advisory Services Inc. increased its position in shares of International Business Machines by 12.0% during the first quarter. Holland Advisory Services Inc. now owns 1,445 shares of the technology company's stock worth $359,000 after purchasing an additional 155 shares in the last quarter. Finally, Intergy Private Wealth LLC raised its position in shares of International Business Machines by 1.3% in the first quarter. Intergy Private Wealth LLC now owns 4,746 shares of the technology company's stock valued at $1,180,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on IBM. Royal Bank of Canada restated an "outperform" rating and set a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Sanford C. Bernstein raised their price objective on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Wedbush began coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Jefferies Financial Group decreased their target price on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Finally, Erste Group Bank raised International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $231.13.
Read Our Latest Report on International Business Machines
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About International Business Machines
(
Get Free Report)
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.
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