9,289 International Business Machines Corporation $IBM Shares Purchased by New York Life Investment Management LLC

Key Points

• New York Life Investment Management increased its IBM stake by 7.1% in the third quarter, purchasing 9,289 shares and ending the period with 140,384 shares valued at about $30.9 million.
• IBM reported quarterly earnings of $2.95 per share, above the $2.85 consensus, while revenue of $17.1 billion also topped estimates and rose 4.7% year over year.
• IBM announced a quarterly dividend of $1.69 per share, equivalent to an annualized yield of about 2.8%. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $266.88.

New York Life Investment Management LLC grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,384 shares of the technology company's stock after buying an additional 9,289 shares during the period. New York Life Investment Management LLC's holdings in International Business Machines were worth $30,875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Gen Wealth Partners Inc raised its position in shares of International Business Machines by 1.5% during the 3rd quarter. Gen Wealth Partners Inc now owns 9,210 shares of the technology company's stock valued at $2,025,000 after purchasing an additional 137 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its holdings in International Business Machines by 47.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 30,339 shares of the technology company's stock worth $6,672,000 after buying an additional 9,701 shares during the period. Welch & Forbes LLC boosted its holdings in International Business Machines by 3.7% in the 3rd quarter. Welch & Forbes LLC now owns 72,271 shares of the technology company's stock worth $15,895,000 after buying an additional 2,605 shares during the period. United Capital Management of KS Inc. boosted its holdings in International Business Machines by 4.2% in the 3rd quarter. United Capital Management of KS Inc. now owns 68,223 shares of the technology company's stock worth $15,004,000 after buying an additional 2,743 shares during the period. Finally, Montis Financial LLC raised its holdings in International Business Machines by 1.9% during the third quarter. Montis Financial LLC now owns 3,942 shares of the technology company's stock valued at $867,000 after acquiring an additional 73 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $244.59 on Wednesday. The company has a market cap of $231.17 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.78. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The firm's fifty day moving average is $237.19 and its two-hundred day moving average is $248.14.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 12.42 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $1.69 dividend. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup upped their price objective 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. Yorkville Ives assumed coverage on International Business Machines in a research note on Monday, October 5th. They set an "outperform" rating and a $275.00 target price on the stock. Argus decreased their target price on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $250.00 to $269.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Finally, Evercore restated an "outperform" rating on shares of International Business Machines in a research note on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and a consensus target price of $266.88.

Insider Activity at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

About International Business Machines

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.

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