4,273 Shares in International Business Machines Corporation $IBM Acquired by CORDA Investment Management LLC.

Key Points

• CORDA Investment Management acquired 4,273 IBM shares worth approximately $1.2 million, while institutional investors collectively own 58.96% of the company.
• IBM shares opened at $231.12, down 1.2%, after quarterly revenue of $17.16 billion missed analyst estimates, although adjusted earnings of $2.93 per share matched expectations. The company’s stock has traded between $199.19 and $332.46 over the past year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $265.90. IBM also declared a quarterly dividend of $1.69, equivalent to a 2.9% annual yield, while a senior vice president recently sold 25,000 shares.

CORDA Investment Management LLC. purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,273 shares of the technology company's stock, valued at approximately $1,202,000.

Other institutional investors have also added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new position in shares of International Business Machines during the fourth quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines in the 4th quarter valued at $28,000. SWAN Capital LLC bought a new stake in International Business Machines in the 3rd quarter valued at $28,000. Bare Financial Services Inc lifted its stake in International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in International Business Machines in the 1st quarter worth $26,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Business Machines

In related 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 transaction of $5,758,000.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. BMO Capital Markets cut their price objective on International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. HSBC set a $175.00 target price on International Business Machines and gave the stock a "reduce" rating in a research report on Thursday, July 16th. Barclays cut their price target on International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of International Business Machines in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $265.90.

International Business Machines Stock Down 1.2%

Shares of NYSE IBM 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 firm's 50-day moving average price is $243.51 and its 200-day moving average price is $247.61. The stock has a market capitalization of $217.75 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly 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 return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the business posted $2.80 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's payout ratio is 59.98%.

Key Stories Impacting International Business Machines

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

About International Business Machines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source