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 11th. 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.
- 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.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 3/11/2025.
International Business Machines Price Performance
Shares of NYSE IBM traded up $5.65 during trading on Monday, reaching $241.13. The company had a trading volume of 240,781 shares, compared to its average volume of 4,202,832. 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 stock has a market cap of $223.59 billion, a PE ratio of 37.45, a PEG ratio of 5.81 and a beta of 0.67. The business's 50 day moving average price is $249.14 and its 200-day moving average price is $233.02. 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 released its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts expect that International Business Machines Co. will post 10.78 earnings per share for the current year.
International Business Machines Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.
Insider Activity
In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.
Hedge Funds Weigh In On International Business Machines
Several hedge funds and other institutional investors have recently bought and sold shares of IBM. Compass Financial Services Inc bought a new position in International Business Machines in the 4th quarter worth approximately $26,000. Vision Financial Markets LLC purchased a new position in International Business Machines during the 4th quarter valued at $31,000. Avondale Wealth Management increased its stake in International Business Machines by 56.0% in the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after buying an additional 56 shares during the period. Valued Wealth Advisors LLC increased 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 valued at $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in International Business Machines in the fourth quarter worth about $35,000. Institutional investors own 58.96% of the company's stock.
Analyst Upgrades and Downgrades
IBM has been the subject of several research analyst reports. Wedbush started coverage on International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Bank of America increased their price target on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Sanford C. Bernstein boosted their target price on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday, January 27th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $231.13.
Check Out Our Latest Research 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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