8,777 Shares of International Business Machines Corporation $IBM Bought by Sacks & Associates LLC

Key Points

• Sacks & Associates LLC initiated a position in IBM by purchasing 8,777 shares valued at approximately $1.93 million, representing about 1.4% of its portfolio. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue of $17.16 billion fell short of expectations but increased 1.1% year over year. The company also maintains a quarterly dividend of $1.69 per share, offering a 3.0% annualized yield.
• Analyst sentiment remains mixed: IBM has an average Hold rating and a consensus price target of $252.96, while recent coverage highlighted both long-term AI and quantum-computing opportunities and pressure from declining mainframe revenue.

Sacks & Associates LLC bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,777 shares of the technology company's stock, valued at approximately $1,930,000. International Business Machines comprises about 1.4% of Sacks & Associates LLC's portfolio, making the stock its 23rd largest position.

A number of other large investors also recently modified their holdings of the stock. RTD Financial Advisors Inc. raised its holdings in International Business Machines by 24.1% during the 3rd quarter. RTD Financial Advisors Inc. now owns 8,233 shares of the technology company's stock worth $1,811,000 after purchasing an additional 1,600 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in shares of International Business Machines by 51.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 4,658 shares of the technology company's stock worth $1,024,000 after buying an additional 1,573 shares during the period. Oak Grove Capital LLC raised its stake in shares of International Business Machines by 1.0% during the third quarter. Oak Grove Capital LLC now owns 105,800 shares of the technology company's stock worth $23,269,000 after buying an additional 1,080 shares during the last quarter. Tilia Fiduciary Partners Inc. lifted its holdings in International Business Machines by 4.9% in the third quarter. Tilia Fiduciary Partners Inc. now owns 9,386 shares of the technology company's stock valued at $2,064,000 after buying an additional 441 shares during the period. Finally, Jacobs & Co. CA lifted its holdings in International Business Machines by 1.4% in the third quarter. Jacobs & Co. CA now owns 65,409 shares of the technology company's stock valued at $14,385,000 after buying an additional 895 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company's stock.

International Business Machines Stock Up 0.1%

NYSE:IBM opened at $226.91 on Friday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. 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 stock has a market cap of $213.78 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.16 and a beta of 0.73. The stock has a 50-day moving average price of $232.29 and a two-hundred day moving average price of $243.97.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (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 the consensus estimate of $17.46 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines's dividend payout ratio is presently 59.98%.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, putting its hardware and architecture through independent verification. The company is targeting a fault-tolerant quantum computer by 2029, giving investors a potential long-term growth catalyst and external validation of its technology roadmap. IBM Wins DARPA’s Quantum Stamp of Approval
• Positive Sentiment: IBM launched Ready for SAP Solutions, a consulting offering designed to help midsize and fast-growing companies modernize SAP cloud ERP systems using AI, integrated data and automation. The initiative could support consulting demand and strengthen IBM’s relationship with SAP customers. IBM and SAP ERP modernization partnership
• Positive Sentiment: IBM Consulting’s second-quarter profit rose 15.1% to $647 million despite nearly flat revenue, indicating improved delivery economics and margin expansion. Separately, an IBM security partnership helped keep the cybersecurity sector in focus, potentially highlighting demand for IBM’s security capabilities. IBM Consulting profit growth
• Neutral Sentiment: Truist Securities initiated coverage with a Hold rating and a $240 price target. The firm sees IBM’s long-term enterprise-computing position positively but said the timing of AI-driven demand and near-term execution remain uncertain. Truist starts IBM at Hold
• Negative Sentiment: IBM’s mainframe revenue reportedly fell 42% in fiscal second quarter, while distributed infrastructure rose 37%; total revenue increased only 1% to approximately $17.2 billion. The contrast underscores pressure on a legacy business and raises questions about the durability of IBM’s growth outlook. IBM mainframe revenue decline
• Negative Sentiment: Analysts continue to cite IBM’s second-quarter execution shortfall, including large deals that closed later than expected. That caution is limiting enthusiasm despite the stock’s lower valuation and the company’s longer-term AI and quantum opportunities. IBM Stock Looks Cheap

Analyst Upgrades and Downgrades

A number of analysts have commented on IBM shares. Stifel Nicolaus lowered their target price on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a report on Monday, July 20th. Barclays dropped their price objective 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. Oppenheimer cut International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Piper Sandler upgraded International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group lowered their price target on International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Eighteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus price target of $252.96.

International Business Machines Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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