54,184 Shares in International Business Machines Corporation $IBM Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 54,184 IBM shares worth approximately $15.2 million during the second quarter. Institutional investors collectively own 58.96% of the company.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of analysts’ $17.46 billion forecast.
• IBM declared a quarterly dividend of $1.69, representing an annualized payout of $6.76 and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.90, while an IBM senior vice president sold 25,000 shares.

Flputnam Investment Management Co. bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 54,184 shares of the technology company's stock, valued at approximately $15,237,000.

Other institutional investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines during the first quarter worth $26,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines in the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter valued at $28,000. Finally, Bare Financial Services Inc raised its stake in International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Down 1.2%

IBM opened at $231.12 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The business has a 50 day moving average price of $243.51 and a two-hundred day moving average price of $247.61. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a market cap of $217.75 billion, a PE 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 posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $17.46 billion. During the same period last year, the firm posted $2.80 EPS. International Business Machines's quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid 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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBM. Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, June 3rd. Craig Hallum assumed coverage on International Business Machines in a report on Wednesday, August 19th. They issued a "buy" rating for the company. Robert W. Baird initiated coverage on shares of International Business Machines in a research note on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 price target on the stock. Wedbush set a $350.00 target price on shares of International Business Machines in a report on Tuesday, June 2nd. Finally, Argus dropped their target price on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $265.90.

Insider Activity at International Business Machines

In other news, SVP Robert David 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 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. This represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.27% of the company's stock.

Key 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

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

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