15,867 International Business Machines Corporation $IBM Shares Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its IBM stake by 7.2%, purchasing 15,867 shares in the third quarter to hold 236,758 shares valued at about $52.1 million.
• IBM reported quarterly earnings of $2.95 per share, beating estimates of $2.85, while revenue of $17.1 billion also topped forecasts and rose 4.7% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $266.88; IBM also announced a quarterly dividend of $1.69 per share.

Kestra Advisory Services LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,758 shares of the technology company's stock after buying an additional 15,867 shares during the period. Kestra Advisory Services LLC's holdings in International Business Machines were worth $52,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IBM. BlackRock Inc. bought a new stake in shares of International Business Machines in the second quarter worth approximately $21,586,659,000. Bank of America Corp DE purchased a new position in shares of International Business Machines during the second quarter valued at approximately $4,214,868,000. Bank of New York Mellon Corp bought a new position in International Business Machines during the second quarter valued at approximately $2,606,782,000. Legal & General Group Plc bought a new position in International Business Machines during the second quarter valued at approximately $1,874,733,000. Finally, Wellington Management Group LLP lifted its position in International Business Machines by 2,362.2% during the second quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company's stock valued at $1,841,755,000 after purchasing an additional 6,283,395 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock traded down $2.40 on Friday, hitting $244.71. 3,491,508 shares of the company's stock were exchanged, compared to its average volume of 5,459,637. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company has a 50-day simple moving average of $236.76 and a 200-day simple moving average of $248.64. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $231.28 billion, a PE ratio of 20.86, a PEG ratio of 2.49 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. International Business Machines's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 12.41 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.8%. International Business Machines's dividend payout ratio (DPR) is 57.63%.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird lifted their target price on shares of International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. Evercore restated an "outperform" rating on shares of International Business Machines in a research note on Friday. Argus dropped their price target on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Finally, Oppenheimer lowered International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and an average target price of $266.88.

More International Business Machines News

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.' Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.

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