Bell Bank Increases Position in International Business Machines Corporation $IBM

Bell Bank lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,824 shares of the technology company's stock after buying an additional 2,550 shares during the period. International Business Machines makes up approximately 0.6% of Bell Bank's holdings, making the stock its 17th largest position. Bell Bank's holdings in International Business Machines were worth $14,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Amarillo National Bank acquired a new position in International Business Machines in the 2nd quarter valued at about $220,000. Reliant Investment Management LLC lifted its position in International Business Machines by 12.8% during the 2nd quarter. Reliant Investment Management LLC now owns 27,352 shares of the technology company's stock worth $7,692,000 after acquiring an additional 3,114 shares during the period. Waddell & Associates LLC lifted its position in International Business Machines by 30.1% during the 2nd quarter. Waddell & Associates LLC now owns 7,118 shares of the technology company's stock worth $2,002,000 after acquiring an additional 1,648 shares during the period. Independent Financial Group LLC grew its stake in shares of International Business Machines by 30.3% in the 2nd quarter. Independent Financial Group LLC now owns 32,302 shares of the technology company's stock valued at $9,084,000 after purchasing an additional 7,507 shares during the last quarter. Finally, Security National Bank increased its holdings in shares of International Business Machines by 25.8% in the second quarter. Security National Bank now owns 30,105 shares of the technology company's stock valued at $8,466,000 after purchasing an additional 6,173 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of IBM opened at $234.79 on Friday. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The stock has a market cap of $221.20 billion, a P/E ratio of 20.83, a PEG ratio of 2.30 and a beta of 0.70. 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 company has a 50-day moving average of $251.38 and a two-hundred day moving average of $253.20.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the business earned $2.80 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. As a group, research analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend 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: IBM’s strategic partnership with OpenAI will embed OpenAI models and tools, including GPT-5.6, into IBM Consulting’s enterprise AI platform. IBM also plans to establish a dedicated OpenAI Practice and train thousands of consultants and engineers, potentially strengthening its position in regulated industries such as finance, government, telecommunications and retail. IBM partners with OpenAI to bolster enterprise AI push
• Positive Sentiment: IBM’s $240 million, multi-year agreement with Together AI will build an NVIDIA-powered AI inference cluster on IBM Cloud. Strong anticipated demand could support growth in IBM’s cloud infrastructure and high-performance AI workloads. Can IBM’s Together AI Cloud Deal Boost Its Growth Prospects?
• Positive Sentiment: IBM-reported research indicates that 85% of organizations planned to increase security spending by May, up from 64% during the prior period, as companies respond to frontier-AI cyber threats. This could benefit IBM’s cybersecurity, consulting and AI automation businesses. Frontier AI Threats Drive Companies to Boost Security Budgets
• Neutral Sentiment: Some coverage characterizes IBM as a relatively attractive technology investment because of its steadier earnings outlook, valuation and dividend, while other commentary highlights longer-term opportunities in quantum computing. These factors may provide support but are unlikely to resolve near-term growth concerns. AST SpaceMobile vs. IBM: Which Tech Stock is the Better Buy Now?
• Negative Sentiment: IBM’s shares have declined even after the OpenAI announcement, suggesting investors want evidence that the alliance can accelerate sales and profits. The partnership’s costs, implementation timeline and ability to convert consulting demand into recurring revenue remain key uncertainties. IBM Stock Drops Despite Major OpenAI Partnership
• Negative Sentiment: Bleichmar Fonti & Auld LLP announced an investigation into potential securities fraud following IBM’s significant stock decline. The announcement is primarily an attorney solicitation and does not establish wrongdoing, but it adds headline and litigation risk. IBM securities fraud investigation reminder

Analysts Set New Price Targets

Several brokerages recently weighed in on IBM. Needham & Company LLC initiated coverage on International Business Machines in a report on Wednesday, June 3rd. They set a "buy" rating for the company. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. DZ Bank upgraded shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 price objective for the company in a research report on Friday, April 24th. Wall Street Zen cut shares of International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Finally, Morgan Stanley reduced their target price on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a research note on Thursday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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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