6,050 International Business Machines Corporation $IBM Shares Purchased by StoneX Group Inc.

Key Points

• StoneX Group increased its IBM stake by 113.3% in the third quarter, adding 6,050 shares to hold 11,390 shares valued at about $2.53 million.
• IBM reported quarterly EPS of $2.95, topping the $2.85 consensus, while revenue of $17.10 billion also exceeded estimates and rose 4.7% year over year.
• Analyst sentiment is generally positive: the stock has a “Moderate Buy” consensus rating and an average price target of $266.88. Recent coverage also points to IBM’s quantum-computing initiatives as a potential longer-term growth driver.

StoneX Group Inc. boosted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 113.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,390 shares of the technology company's stock after buying an additional 6,050 shares during the period. StoneX Group Inc.'s holdings in International Business Machines were worth $2,527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harborfront Financial Group LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth $27,000. Hara Capital LLC purchased a new stake in shares of International Business Machines in the second quarter valued at about $28,000. Bare Financial Services Inc boosted its holdings in shares of 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 acquiring an additional 55 shares in the last quarter. Caitlin John LLC acquired a new position in shares of International Business Machines during the second quarter worth about $35,000. Finally, Osbon Capital Management LLC acquired a new position in shares of International Business Machines during the second quarter worth about $37,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.' Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

Insiders Place Their Bets

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated 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 directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

IBM has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Citigroup increased their target price on International Business Machines from $245.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Evercore restated an "outperform" rating on shares of International Business Machines in a research note on Friday. Daiwa Securities Group decreased their price target on International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Yorkville Ives initiated coverage on International Business Machines in a report on Monday, October 5th. They set an "outperform" rating and a $275.00 price objective on the stock. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $266.88.

International Business Machines Price Performance

Shares of NYSE IBM opened at $244.71 on Monday. 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 company's 50-day moving average price is $236.76 and its 200 day moving average price is $248.64. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The stock has a market cap of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.41 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 EPS. As a group, research analysts forecast that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal 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 paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines's payout ratio is currently 57.63%.

International Business Machines Profile

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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