6,000 Shares in International Business Machines Corporation $IBM Purchased by Encore Global Management LP

Key Points

• Encore Global Management LP purchased 6,000 IBM shares in the first quarter, valued at approximately $1.45 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $265.40, despite several recent target reductions and IBM’s weaker-than-expected revenue.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue rose 1.1% year over year to $17.16 billion. The company also declared a quarterly dividend of $1.69, equivalent to a 3.0% annualized yield.

Encore Global Management LP purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,000 shares of the technology company's stock, valued at approximately $1,454,000.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in International Business Machines in the fourth quarter valued at about $2,446,429,000. Capital World Investors increased its stake in shares of International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock worth $6,523,720,000 after purchasing an additional 4,976,756 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of International Business Machines by 83.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company's stock worth $1,663,847,000 after purchasing an additional 2,553,552 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company's stock worth $561,814,000 after purchasing an additional 1,484,026 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of International Business Machines by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company's stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares during the period. Hedge funds and other 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 is intended to strengthen its long-term quantum-computing capabilities and roadmap. The strategic move could support future growth, although the near-term financial impact is unclear. IBM Just Made a Bold Quantum Computing Bet
• Positive Sentiment: IBM insiders reportedly made three open-market purchases totaling roughly 1,484 shares over the past six months, which may provide a modest confidence signal. Analyst price targets also remain well above the current trading level, although targets are subject to revision. VOO is up 0.4% today, on IBM stock price movement
• Neutral Sentiment: Resecurity launched a native integration with IBM QRadar SIEM, expanding threat-intelligence sharing for enterprise customers. The announcement supports IBM’s security ecosystem but did not disclose a material contract or financial contribution. Resecurity Introduces Native Integration with IBM QRadar SIEM for Threat Intelligence Sharing
• Negative Sentiment: Multiple law firms announced investigations into potential securities-law violations related to IBM’s preview of weak second-quarter results, including a reported shortfall in new business and concerns about the IBM Z product outlook. The legal announcements add headline and litigation risk, though they do not establish wrongdoing. IBM Investigation - HBSS
• Negative Sentiment: Circle acquired nearly 1,000 IBM blockchain patents. While the transaction may monetize noncore intellectual property, investors may view the sale as a retreat from IBM’s blockchain ambitions; financial terms were not disclosed. USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents

Wall Street Analysts Forecast Growth

IBM has been the subject of several research reports. Susquehanna reduced their price objective on International Business Machines from $303.00 to $225.00 and set a "neutral" rating for the company in a report on Friday. Piper Sandler upgraded International Business Machines to an "overweight" rating in a research note on Tuesday, June 23rd. Robert W. Baird assumed coverage on International Business Machines in a research report on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a research note on Tuesday, July 21st. Finally, Citigroup decreased their price objective on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a report on Friday, July 24th. Fifteen investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $265.40.

International Business Machines Stock Up 5.2%

IBM opened at $227.42 on Wednesday. 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 $214.26 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The company has a 50 day moving average of $262.88 and a 200 day moving average of $259.16.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. On average, sell-side analysts expect that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 3.0%. International Business Machines's payout ratio is 59.98%.

International Business Machines Company Profile

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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