Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 10,145 Shares of International Business Machines Corporation $IBM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,595 shares of the technology company's stock after selling 10,145 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in International Business Machines were worth $58,378,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. McGowan Group Asset Management Inc. grew its position in International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company's stock valued at $798,000 after buying an additional 33 shares during the period. Exencial Wealth Advisors LLC increased its holdings in 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 buying an additional 34 shares during the last quarter. Prasad Wealth Partners LLC raised its position in International Business Machines by 1.0% in the fourth quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company's stock worth $1,068,000 after acquiring an additional 35 shares during the period. Orca Wealth Management LLC raised its position 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 worth $285,000 after acquiring an additional 35 shares during the period. Finally, Friday Financial boosted its stake in International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after acquiring an additional 35 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines News Roundup

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

• Positive Sentiment: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

International Business Machines Price Performance

Shares of NYSE:IBM opened at $228.53 on Tuesday. The firm has a market capitalization of $215.31 billion, a PE ratio of 20.28, a P/E/G ratio of 2.30 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The company has a 50-day moving average price of $250.33 and a two-hundred day moving average price of $252.43. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46.

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

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 3.0%. The ex-dividend date is Monday, August 10th. International Business Machines's payout ratio is currently 59.98%.

Analysts Set New Price Targets

IBM has been the subject of several research analyst reports. Weiss Ratings lowered shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Morgan Stanley dropped their price objective on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 23rd. Wedbush set a $350.00 price objective on International Business Machines in a report on Tuesday, June 2nd. Wolfe Research lowered International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Finally, Piper Sandler raised International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. Fifteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and an average target price of $265.40.

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.

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