Assetmark Inc. Has $20.77 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Assetmark increased its IBM holdings by 14.6% in the second quarter, bringing its position to 73,846 shares valued at approximately $20.77 million. Institutional investors collectively own 58.96% of IBM’s stock.
• Analysts maintain a generally positive outlook, with 16 Buy, 11 Hold, and one Sell rating; the consensus rating is Moderate Buy with an average price target of $265.40.
• IBM’s latest quarterly revenue of $17.16 billion fell short of estimates, although EPS matched expectations at $2.93. The company declared a $1.69 quarterly dividend, equivalent to a 2.9% yield, while an executive separately sold 25,000 shares.

Assetmark Inc. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,846 shares of the technology company's stock after purchasing an additional 9,388 shares during the quarter. Assetmark Inc.'s holdings in International Business Machines were worth $20,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new position in International Business Machines during the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in International Business Machines during the 4th quarter valued at $28,000. SWAN Capital LLC bought a new position in shares of International Business Machines in the third quarter valued at about $28,000. Bare Financial Services Inc lifted its stake in shares of International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after buying an additional 55 shares during the last quarter. Finally, Portus Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 1st quarter worth about $26,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group set a $270.00 target price on International Business Machines in a research report on Thursday, July 23rd. Craig Hallum started coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a "buy" rating for the company. Citigroup dropped their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a report on Friday, July 24th. Morgan Stanley dropped their target price on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. Finally, Argus cut their price objective 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. Sixteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $265.40.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 25,000 shares of the stock in a transaction 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 sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

International Business Machines Price Performance

IBM stock opened at $235.78 on Friday. The firm has a 50 day moving average of $244.57 and a 200-day moving average of $248.65. 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 firm has a market capitalization of $222.14 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.34 and a beta of 0.70. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The business 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%. International Business Machines's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 earnings per share. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's payout ratio is currently 59.98%.

Key International Business Machines News

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

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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