Boothe Investment Group Inc. Buys 2,387 Shares of International Business Machines Corporation $IBM

Key Points

• Boothe Investment Group increased its IBM stake by 29.8%, purchasing 2,387 shares to bring its holdings to 10,393 shares valued at approximately $2.92 million.
• IBM reported quarterly EPS of $2.93, in line with analyst expectations, while revenue reached $17.16 billion, up 1.1% year over year but below the $17.46 billion consensus estimate.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to an annualized $6.76 payout and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $265.40.

Boothe Investment Group Inc. raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,393 shares of the technology company's stock after purchasing an additional 2,387 shares during the quarter. International Business Machines accounts for about 0.9% of Boothe Investment Group Inc.'s portfolio, making the stock its 23rd biggest position. Boothe Investment Group Inc.'s holdings in International Business Machines were worth $2,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of IBM. Basepoint Wealth LLC bought a new stake in International Business Machines during the fourth quarter worth $25,000. Joseph Group Capital Management bought a new position in International Business Machines during the 4th quarter valued at $28,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the 4th quarter worth $28,000. SWAN Capital LLC purchased a new position in International Business Machines during the 3rd quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of International Business Machines in the 4th quarter worth $31,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.3%

Shares of International Business Machines stock opened at $236.71 on Friday. The firm has a market cap of $223.01 billion, a PE ratio of 21.00, a P/E/G ratio of 2.32 and a beta of 0.70. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a fifty day moving average price of $252.38 and a 200-day moving average price of $253.33.

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

International Business Machines Dividend Announcement

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 paid a $1.69 dividend. 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 payout ratio is presently 59.98%.

Analyst Ratings Changes

Several analysts have recently commented on IBM shares. KeyCorp downgraded shares of International Business Machines to a "sector weight" rating in a report on Tuesday, June 23rd. BMO Capital Markets reduced their price objective on shares of International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research report on Thursday, July 23rd. 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 note on Friday, April 24th. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. Finally, Wedbush set a $350.00 target price on International Business Machines in a research note on Tuesday, June 2nd. Fifteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $265.40.

More International Business Machines News

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

• Positive Sentiment: OpenAI partnership strengthens IBM’s enterprise AI strategy. IBM will integrate OpenAI models, including GPT-5.6, into its consulting platform and launch a dedicated OpenAI Practice staffed by thousands of trained consultants and engineers. The companies will target finance, government, telecommunications and retail customers, with applications spanning cybersecurity, application modernization and complex business workflows. The arrangement could help IBM capture more corporate AI spending through its global consulting relationships. IBM partners with OpenAI to bolster enterprise AI push
• Positive Sentiment: IBM is expanding AI cloud capacity through a $240 million Together AI agreement. The multiyear deal calls for an NVIDIA-powered inference cluster on IBM Cloud, using Blackwell systems and expected to be operational in the first quarter of 2027. Strong anticipated demand for open-source AI inference could improve IBM Cloud utilization and create longer-term infrastructure revenue opportunities. Can IBM's Together AI Cloud Deal Boost Its Growth Prospects?
• Neutral Sentiment: Quantum computing remains a long-term option rather than an immediate earnings driver. Coverage of IBM’s quantum advances suggests the technology could eventually have a measurable effect on revenue and corporate decision-making, but near-term financial benefits remain uncertain. What IBM’s Quantum Breakthrough Means for the $100 Million CFO
• Neutral Sentiment: Asian trading halts and currency-related liquidations may pressure technology shares, including IBM, through broad risk reduction rather than weaker AI demand. This points to potential short-term volatility instead of a deterioration in IBM’s operating fundamentals. Asian Market Circuit Breakers Hit Stocks, Not AI Demand
• Negative Sentiment: Shareholder-law firms have announced investigations tied to IBM’s sharp July selloff and alleged disclosure issues surrounding second-quarter results. These notices may add headline and litigation risk, though they do not by themselves establish wrongdoing. IBM Securities Investigation

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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