2,743 International Business Machines Corporation $IBM Shares Bought by United Capital Management of KS Inc.

Key Points

• United Capital Management of KS increased its IBM stake 4.2%, buying 2,743 shares in the third quarter and bringing its holdings to 68,223 shares, valued at about $15 million.
• IBM beat quarterly expectations, reporting adjusted earnings of $2.95 per share and $17.1 billion in revenue; revenue grew 4.7% year over year.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to a 2.7% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $266.88.

United Capital Management of KS Inc. increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,223 shares of the technology company's stock after acquiring an additional 2,743 shares during the period. International Business Machines comprises 2.0% of United Capital Management of KS Inc.'s investment portfolio, making the stock its 18th biggest holding. United Capital Management of KS Inc.'s holdings in International Business Machines were worth $15,004,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of International Business Machines in the second quarter valued at approximately $21,586,659,000. State Street Corp boosted its position in shares of International Business Machines by 2.7% during the second quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock valued at $15,760,430,000 after buying an additional 1,450,562 shares during the last quarter. 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 stake in International Business Machines during the second quarter worth $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in International Business Machines by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company's stock worth $2,143,245,000 after buying an additional 53,388 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Key International Business Machines News

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

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM's Latest Quantum System Boost Illinois' Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

International Business Machines Trading Up 0.5%

Shares of IBM opened at $246.32 on Tuesday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock has a market cap of $232.80 billion, a PE ratio of 21.00, a P/E/G ratio of 2.50 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The business's 50-day moving average price is $236.97 and its 200-day moving average price is $248.39.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same period last year, the business earned $2.65 earnings per share. International Business Machines's revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines's payout ratio is 57.63%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of International Business Machines from $236.00 to $243.00 and gave the company a "neutral" rating in a report on Thursday, October 22nd. Morgan Stanley boosted their price objective on International Business Machines from $238.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, October 22nd. Yorkville Ives started coverage on shares of International Business Machines in a report on Monday, October 5th. They issued an "outperform" rating and a $275.00 price objective for the company. Citic Securities raised their price objective on shares of International Business Machines from $294.00 to $297.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Argus reduced their price objective on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, July 16th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $266.88.

About International Business Machines

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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