4,087 International Business Machines Corporation $IBM Shares Sold by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors reduced its IBM stake by 18.1% in the third quarter, selling 4,087 shares and retaining 18,458 shares valued at approximately $4.06 million. Institutional investors collectively own 58.96% of IBM.
• IBM exceeded quarterly expectations with adjusted EPS of $2.95 and revenue of $17.10 billion, up 4.7% year over year. The company also declared a quarterly dividend of $1.69, equivalent to a 2.7% annualized yield.
• Analyst sentiment remains generally favorable, with a consensus “Moderate Buy” rating and an average price target of $266.12, though concerns remain about IBM’s valuation and the longer-term timeline for quantum-computing growth.

Kingswood Wealth Advisors LLC lowered its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,458 shares of the technology company's stock after selling 4,087 shares during the period. Kingswood Wealth Advisors LLC's holdings in International Business Machines were worth $4,059,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IBM. BlackRock Inc. bought a new stake in shares of International Business Machines in the 2nd quarter worth about $21,586,659,000. State Street Corp boosted its stake in shares of International Business Machines by 2.7% during the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock worth $15,760,430,000 after purchasing an additional 1,450,562 shares during the period. Bank of America Corp DE bought a new position in International Business Machines during the 2nd quarter valued at about $4,214,868,000. Bank of New York Mellon Corp bought a new position in International Business Machines during the 2nd quarter valued at about $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 2nd 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 valued at $2,143,245,000 after purchasing an additional 53,388 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: IBM’s software segment and hybrid-cloud and enterprise AI consulting businesses remain the company’s main growth engines, supporting the case that its multiyear transformation is generating more durable cash flow. IBM Fixed Its Plumbing; Intel Became Big Tech's Real Structural Trap
• Positive Sentiment: Quantum computing is being highlighted as a potential long-term catalyst. Progress in the technology could create a significant new growth opportunity beyond IBM’s existing cloud and consulting operations, although commercialization remains ahead. IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real Catalyst
• Positive Sentiment: CEO Arvind Krishna’s view that open-weight AI models deliver performance close to frontier models at substantially lower cost could encourage broader enterprise AI adoption, potentially benefiting IBM’s consulting and implementation services. IBM CEO Says Open AI Models Are 90% as Good as Frontier Models
• Neutral Sentiment: IBM is attracting increased investor attention, while analysts continue to assess its earnings outlook and competitive position relative to Salesforce and other technology companies. IBM Is Attracting Investor Attention
• Negative Sentiment: Valuation is a concern: commentary questions whether IBM is already priced above its fundamentals and whether investors are paying too much relative to rivals. That could limit near-term upside, particularly because quantum computing is a longer-term opportunity rather than an immediate earnings driver. Are You Overpaying For IBM Stock Versus Its Rivals?

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of International Business Machines from $235.00 to $256.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. Citigroup boosted their target price on International Business Machines from $245.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday. Oppenheimer cut International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. BMO Capital Markets increased their price target on International Business Machines from $230.00 to $265.00 and gave the stock a "market perform" rating in a report on Thursday. Finally, Argus reduced their price target on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $266.12.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction dated 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 directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

International Business Machines Stock Down 0.2%

Shares of IBM opened at $253.04 on Tuesday. The firm has a market capitalization of $239.15 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.50 and a beta of 0.73. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The firm has a fifty day moving average price of $233.06 and a 200-day moving average price of $251.16.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 12.41 earnings per share 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. Shareholders of record on Tuesday, November 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's payout ratio is 57.63%.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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