Centric Wealth Management Purchases New Position in International Business Machines Corporation $IBM

Key Points

• Centric Wealth Management acquired 2,234 IBM shares during the second quarter, valued at approximately $513,000. Hedge funds and other institutional investors own 58.96% of IBM.
• IBM’s latest quarter showed mixed results: earnings per share met estimates at $2.93, while revenue of $17.16 billion fell short of the $17.46 billion consensus estimate, though revenue increased 1.1% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $265.90 price target, while IBM also offers a quarterly dividend of $1.69 per share, representing a 2.9% annualized yield. An IBM senior vice president separately sold 25,000 shares worth approximately $5.8 million.

Centric Wealth Management acquired a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,234 shares of the technology company's stock, valued at approximately $513,000.

Other hedge funds have also recently made changes to their positions in the company. Orca Wealth Management LLC boosted its holdings in International Business Machines by 3.7% in the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock valued at $285,000 after acquiring an additional 35 shares in the last quarter. Friday Financial raised its holdings in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock worth $583,000 after purchasing an additional 35 shares in the last quarter. First Command Advisory Services Inc. lifted its position in shares of International Business Machines by 1.1% in the 4th quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock worth $1,025,000 after purchasing an additional 36 shares during the period. Washington Trust Bank lifted its position in shares of International Business Machines by 2.2% in the 4th quarter. Washington Trust Bank now owns 1,712 shares of the technology company's stock worth $507,000 after purchasing an additional 37 shares during the period. Finally, HORAN Wealth LLC boosted its stake in shares of International Business Machines by 1.3% during the 4th quarter. HORAN Wealth LLC now owns 2,851 shares of the technology company's stock valued at $844,000 after purchasing an additional 37 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 25,000 shares of the business's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company's stock.

Key International Business Machines News

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

• Positive Sentiment: IBM’s acquisition of HRL Laboratories adds silicon-spin qubit, advanced materials and manufacturing expertise that could improve the company’s ability to develop scalable quantum-computing systems. The deal strengthens IBM’s technology pipeline, although commercial benefits may take years to materialize. Can IBM’s HRL Acquisition Boost Its Quantum Computing Capabilities?
• Positive Sentiment: Susquehanna analyst James Friedman raised his IBM price target to $235, citing several upcoming quantum-computing catalysts. However, his caution indicates that quantum remains an emerging opportunity rather than an immediate earnings driver. Can Quantum Computing Save IBM Stock?
• Positive Sentiment: A new market report identifies IBM as a leading enterprise blockchain and Blockchain-as-a-Service provider, highlighting its cloud-native offerings and exposure to expected blockchain-market growth. IBM Emerges As a Leading Enterprise Blockchain Provider
• Neutral Sentiment: Research reports forecast growth in biological computing, computer-based sensing, business service management, UNIX and high-throughput computing. IBM is listed among market participants, but the reports do not announce contracts, revenue changes or specific financial benefits for the company.
• Negative Sentiment: Coverage says IBM’s stock has fallen sharply after missing second-quarter revenue expectations, reinforcing investor concerns about product and top-line momentum. Quantum initiatives may not offset near-term execution concerns. IBM Stock Falls 19%: Will Quantum Computing Spark a Recovery?
• Negative Sentiment: A securities law firm announced an investigation into possible securities-law violations following IBM’s significant decline. The announcement is not a finding of wrongdoing, but it adds headline and potential litigation risk. IBM Investment Losses and Pending Securities Fraud Investigation
• Negative Sentiment: Reports of a senior executive selling approximately $5.8 million of IBM stock may weigh modestly on sentiment, though insider sales can reflect personal financial planning and are not necessarily evidence of deteriorating fundamentals. IBM SVP Sells $5.758 Million in Stock

Analysts Set New Price Targets

IBM has been the subject of a number of research reports. Roth Capital reissued a "buy" rating on shares of International Business Machines in a research note on Wednesday, June 3rd. HSBC set a $175.00 target price on International Business Machines and gave the stock a "reduce" rating in a report on Thursday, July 16th. Citigroup decreased their target price on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Susquehanna lifted their price target on International Business Machines from $225.00 to $235.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Oppenheimer cut International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $265.90.

International Business Machines Price Performance

Shares of IBM opened at $233.73 on Tuesday. The stock has a market cap of $220.20 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The firm's 50-day simple moving average is $244.18 and its two-hundred day simple moving average is $247.91.

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 for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given 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 of this dividend is Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is 59.98%.

International Business Machines Company 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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