1ST Source Bank acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,322 shares of the technology company's stock, valued at approximately $7,402,000.
A number of other institutional investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company's stock worth $77,234,000 after purchasing an additional 211,040 shares during the last quarter. Assetmark Inc. grew its stake in shares of International Business Machines by 24.8% during the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after buying an additional 12,791 shares during the last quarter. GLOBALT Investments LLC GA increased its holdings in shares of International Business Machines by 19.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company's stock worth $5,417,000 after buying an additional 2,930 shares during the period. Rice Partnership LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $3,317,000. Finally, Sage Investment Advisers LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $4,101,000. Institutional investors own 58.96% of the company's stock.
More International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM’s acquisition of HRL Laboratories adds silicon-spin qubit, materials and manufacturing expertise that could improve its ability to develop scalable quantum-computing systems. Analysts cited upcoming quantum catalysts, and Susquehanna raised its price target to $235, although it maintained a cautious view. Can IBM’s HRL Acquisition Boost Its Quantum Computing Capabilities?
- Positive Sentiment: A technical analysis article said IBM remains in a longer-term uptrend and could resume advancing if shares clear resistance near $239. A breakout would signal improved buying momentum, though this is a technical rather than fundamental catalyst. Stock of the Day: Will IBM Break Out and Head Higher?
- Neutral Sentiment: New market reports identify IBM as a participant in expanding enterprise blockchain, UNIX, business service management, computer-based sensing, biological computing and high-throughput computing markets. These reports point to broad industry growth but provide limited evidence of immediate revenue or earnings impact for IBM. IBM Emerges as a Leading Enterprise Blockchain Provider
- Negative Sentiment: IBM’s reported year-to-date decline reflects concerns about AI-driven disruption to legacy services, pricing pressure and downward earnings estimates. Hybrid cloud and watsonx remain potential offsets, but investors are questioning whether growth in those businesses can compensate for weakness elsewhere. IBM Slumps 21% YTD: Time to Reassess the Stock?
- Negative Sentiment: Coverage also highlighted IBM’s revenue miss, which contributed to a sharp selloff, and noted that the stock has underperformed the S&P 500. A pending securities-fraud investigation and a senior executive’s multimillion-dollar stock sale add further overhang, although neither necessarily changes IBM’s underlying business outlook. IBM Securities Fraud Investigation
Insiders Place Their Bets
In other International Business Machines news, SVP Robert David Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
IBM has been the subject of a number of analyst reports. Citigroup dropped their price objective on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Craig Hallum initiated coverage on shares of International Business Machines in a report on Wednesday, August 19th. They set a "buy" rating for the company. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. HSBC set a $175.00 price target on shares of International Business Machines and gave the stock a "reduce" rating in a report on Thursday, July 16th. Finally, Oppenheimer cut shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $265.90.
Get Our Latest Stock Analysis on International Business Machines
International Business Machines Stock Down 1.2%
Shares of International Business Machines stock opened at $231.12 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a market cap of $217.75 billion, a P/E ratio of 20.51, a PEG ratio of 2.30 and a beta of 0.70. The company's fifty day simple moving average is $243.51 and its two-hundred day simple moving average is $247.61.
International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. During the same period last year, the company posted $2.80 EPS. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.
International Business Machines Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's payout ratio is currently 59.98%.
About International Business Machines
(
Free Report)
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.
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