Churchill Financial Advisors LLC Has $9.51 Million Stock Holdings in International Business Machines Corporation $IBM

Churchill Financial Advisors LLC lowered its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,808 shares of the technology company's stock after selling 2,440 shares during the period. International Business Machines comprises 1.8% of Churchill Financial Advisors LLC's holdings, making the stock its 11th largest position. Churchill Financial Advisors LLC's holdings in International Business Machines were worth $9,507,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. McGowan Group Asset Management Inc. raised its holdings in International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company's stock valued at $798,000 after acquiring an additional 33 shares during the period. Exencial Wealth Advisors LLC grew its holdings in shares of International Business Machines by 0.4% during the fourth quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company's stock worth $2,332,000 after purchasing an additional 34 shares in the last quarter. Prasad Wealth Partners LLC grew its stake in International Business Machines by 1.0% in the 4th quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company's stock worth $1,068,000 after buying an additional 35 shares in the last quarter. Orca Wealth Management LLC increased its stake 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 during the last quarter. Finally, Friday Financial increased its position in shares of International Business Machines by 1.9% during the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Robert W. Baird started coverage on International Business Machines in a research note on Tuesday, July 21st. They set a "neutral" rating and a $230.00 price objective for the company. Jefferies Financial Group lowered their target price on International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a research note on Tuesday, June 23rd. Susquehanna cut their target price on International Business Machines from $303.00 to $225.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a research report on Tuesday, July 21st. Fifteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $234.79 on Friday. 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 market capitalization of $221.21 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.33 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. The firm's 50-day moving average is $251.38 and its 200 day moving average is $253.20.

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 for the quarter, hitting analysts' consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter last year, the firm posted $2.80 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. Research analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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 presently 59.98%.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source