Cliftonlarsonallen Wealth Advisors LLC Makes New $3.10 Million Investment in International Business Machines Corporation $IBM

Key Points

• Cliftonlarsonallen Wealth Advisors initiated a roughly $3.10 million IBM position by purchasing 11,009 shares in the second quarter. Institutional investors collectively own 58.96% of the company.
• IBM’s latest quarter matched earnings expectations at $2.93 per share, while revenue rose 1.1% year over year to $17.16 billion but fell short of estimates. The company declared a quarterly dividend of $1.69, equivalent to a 2.9% yield.
• Analyst views remain mixed, with a consensus “Moderate Buy” rating and an average price target of $265.40 versus the reported share price of $234.79. IBM’s AI partnerships with OpenAI and Together AI offer growth potential, though investors remain concerned about execution, near-term growth and litigation headlines.

Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,009 shares of the technology company's stock, valued at approximately $3,096,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Basepoint Wealth LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in International Business Machines in the first quarter valued at approximately $26,000. Joseph Group Capital Management bought a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Cornerstone Financial Management LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Finally, SWAN Capital LLC acquired a new position in shares of International Business Machines during the third quarter worth $28,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 1.0%

International Business Machines stock opened at $234.79 on Friday. The firm has a market cap of $221.20 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.30 and a beta of 0.70. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The firm has a 50 day moving average price of $251.38 and a two-hundred day moving average price of $253.20.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS 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 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 EPS. The company's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is 59.98%.

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

Analyst Ratings Changes

A number of research analysts have recently commented on IBM shares. Jefferies Financial Group dropped their price target 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. Wolfe Research lowered International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Wall Street Zen downgraded International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Bank of America lifted their price target on International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Finally, Citigroup reduced their price target on International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $265.40.

About International Business Machines

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.

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