Clearstead Trust LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,744 shares of the technology company's stock, valued at approximately $2,459,000.
Several other large investors have also recently added to or reduced their stakes in the business. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the fourth quarter worth $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines during the first quarter worth $26,000. Cornerstone Financial Management LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter valued at $28,000. Finally, Bare Financial Services Inc boosted its holdings in International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after purchasing an additional 55 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.
International Business Machines News Roundup
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
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Craig Hallum assumed coverage on International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating on the stock. Citigroup lowered their price objective 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. Needham & Company LLC began coverage on shares of International Business Machines in a research note on Wednesday, June 3rd. They set a "buy" rating on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 target price on shares of International Business Machines in a report on Tuesday, July 21st. Finally, BMO Capital Markets decreased their price target on shares of International Business Machines from $270.00 to $230.00 and set a "market perform" rating for the company in a research note on Thursday, July 23rd. 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. According to MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and a consensus price target of $265.90.
View Our Latest Stock Report on International Business Machines
Insider Activity at International Business Machines
In related news, SVP Robert David Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The shares were 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 in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.
International Business Machines Price Performance
IBM stock opened at $233.73 on Tuesday. The business has a 50 day moving average price of $244.18 and a 200 day moving average price of $247.91. The stock has a market cap of $220.20 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.31 and a beta of 0.70. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.
International Business Machines (NYSE:IBM - Get Free Report) last announced 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 company 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 firm posted $2.80 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.
International Business Machines Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend 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%.
About International Business Machines
(
Free Report)
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.
Further Reading
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