Abundance Wealth Counselors Acquires 8,084 Shares of International Business Machines Corporation $IBM

Key Points

• Abundance Wealth Counselors nearly doubled its IBM holdings in the second quarter, adding 8,084 shares to reach 16,854 shares valued at $4.74 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched earnings expectations at $2.93 per share, while revenue of $17.16 billion fell short of estimates but increased 1.1% year over year. The company declared a quarterly dividend of $1.69 per share, equivalent to a 2.9% yield.
• Analyst sentiment remains positive but cautious: IBM has a “Moderate Buy” consensus rating and a $265.40 average price target, while recent target reductions highlight concerns about valuation and execution.

Abundance Wealth Counselors increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 92.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,854 shares of the technology company's stock after purchasing an additional 8,084 shares during the period. International Business Machines accounts for 0.5% of Abundance Wealth Counselors' holdings, making the stock its 21st biggest holding. Abundance Wealth Counselors' holdings in International Business Machines were worth $4,740,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capstone Wealth Management LLC bought a new position in International Business Machines during the second quarter valued at approximately $389,000. Symmetry Partners LLC bought a new stake in International Business Machines in the second quarter worth $277,000. Tranquility Partners LLC increased its position in International Business Machines by 9.5% in the second quarter. Tranquility Partners LLC now owns 1,724 shares of the technology company's stock worth $485,000 after purchasing an additional 150 shares during the last quarter. ERn Financial LLC raised its stake in International Business Machines by 99.8% during the second quarter. ERn Financial LLC now owns 2,414 shares of the technology company's stock valued at $679,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Karras Company Inc. raised its stake in International Business Machines by 2.7% during the second quarter. Karras Company Inc. now owns 8,782 shares of the technology company's stock valued at $2,469,000 after purchasing an additional 230 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.1%

IBM stock opened at $236.17 on Friday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock has a market capitalization of $222.50 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. 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 firm's fifty day simple moving average is $247.18 and its two-hundred day simple moving average is $250.88.

International Business Machines (NYSE:IBM - Get Free Report) last released its 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. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates 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 was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's payout ratio is 59.98%.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Industry research projects the global hyperscale data-center market will expand from $162.79 billion in 2024 to $608.54 billion by 2030, driven by AI, machine learning and cloud-computing demand. This supports IBM’s infrastructure, consulting and hybrid-cloud opportunities, although the report is not an IBM-specific contract announcement. Hyperscale Data Center Market Surges to $608.54 billion
• Positive Sentiment: IBM’s modular cryogenic technology is designed to help scale its quantum systems toward 1,000 programmable qubits and support its Quantum Starling plans by 2029. The development strengthens IBM’s technology narrative and long-term growth potential, though commercial revenue benefits remain several years away. Can IBM Scale Quantum Computing With Its New Cryogenic Systems?
• Positive Sentiment: A power producer and Cohesive received an award for improving workplace safety using IBM Maximo, providing third-party recognition of the software’s industrial asset-management capabilities. The item is supportive of IBM’s enterprise-software credibility but does not indicate a material near-term financial impact. CEPR and Cohesive Receive Maximo Award
• Neutral Sentiment: A Zacks review notes that IBM has risen 13.1% since its latest earnings report, indicating continued investor support after the results. However, the company’s reported revenue missed expectations while earnings per share matched estimates, leaving valuation and execution important considerations. Why Is IBM Up Since Its Last Earnings Report?
• Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations related to IBM’s prior stock decline. The notice appears to be an investor-solicitation announcement rather than a finding of wrongdoing, but it can weigh on sentiment and introduce potential legal risk. IBM Ongoing Investigation

Wall Street Analyst Weigh In

A number of brokerages have commented on IBM. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a research note on Tuesday, June 23rd. Barclays decreased their target price on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, July 17th. Argus dropped their price target on International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a research note on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

International Business Machines 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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