Contravisory Investment Management Inc. Sells 31,443 Shares of International Business Machines Corporation $IBM

Key Points

• Contravisory Investment Management cut its IBM holdings by 97.8% in the second quarter, selling 31,443 shares and retaining 696 shares valued at approximately $196,000.
• IBM reported quarterly EPS of $2.93, matching analyst expectations, while revenue rose 1.1% year over year to $17.16 billion but fell short of estimates.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to a $6.76 annualized payout and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.40.

Contravisory Investment Management Inc. lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 97.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 696 shares of the technology company's stock after selling 31,443 shares during the period. Contravisory Investment Management Inc.'s holdings in International Business Machines were worth $196,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of IBM. Norges Bank bought a new position in shares of International Business Machines during the fourth quarter valued at $2,446,429,000. Capital World Investors boosted its holdings in shares of International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock worth $6,523,720,000 after buying an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in International Business Machines by 83.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company's stock worth $1,663,847,000 after purchasing an additional 2,553,552 shares during the period. Corient Private Wealth LLC grew its stake in shares of International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company's stock valued at $561,814,000 after buying an additional 1,484,026 shares during the period. Finally, Vanguard Group Inc. grew its stake in International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company's stock valued at $28,796,390,000 after acquiring an additional 1,439,824 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Performance

NYSE IBM opened at $235.76 on Tuesday. 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 company has a fifty day moving average of $256.92 and a 200-day moving average of $254.55. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a market capitalization of $222.12 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.33 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 35.65% and a net margin of 15.52%.The firm 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 company earned $2.80 EPS. The company's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend payout ratio is presently 59.98%.

Analysts Set New Price Targets

IBM has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Citigroup reduced their price objective on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada restated an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a research note on Tuesday, July 21st. Wedbush set a $350.00 price objective on International Business Machines in a report on Tuesday, June 2nd. Finally, Wall Street Zen cut shares of International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $265.40.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s return to Canada’s bond market after 14 years demonstrates continued access to international financing and places the company amid strong demand for “Maple” bonds from foreign issuers. The move could help diversify funding sources, although additional borrowing may also increase leverage. IBM Returns to Canada’s Bond Market After 14 Years as Other Tech Giants Rush In
• Positive Sentiment: IBM’s CEO indicated that quantum computing could begin making a measurable contribution to revenue and profit in the coming years. That outlook reinforces quantum computing as a potentially significant long-term growth opportunity, though it is unlikely to materially change near-term results. This Is When IBM's CEO Says Quantum Computing Could Start to Have a Measurable Impact on Its Bottom Line
• Neutral Sentiment: The U.S. administration’s reported $2 billion quantum-computing initiative could expand industry investment and validate IBM’s technology focus, but it also highlights an ambitious competitive race with uncertain commercialization timelines. Inside the Trump administration’s $2 billion push to build the world’s first useful quantum computer
• Negative Sentiment: IBM’s shares went ex-dividend on August 10 for a $1.69-per-share cash payment scheduled for September 10. The mechanical ex-dividend adjustment can weigh on the stock even though it does not represent a deterioration in the company’s operations. International Business Machines Corp's Dividend Analysis
• Negative Sentiment: Broadcom is expanding security capabilities in VMware Cloud Foundation, intensifying competition with IBM in enterprise infrastructure and cloud-related markets. Stronger rival offerings could pressure IBM’s growth prospects and pricing power. Broadcom Boosts VCF Security: Can it Fend Off Nutanix and IBM?
• Negative Sentiment: Erste Group Bank expressed a negative outlook on IBM’s fiscal 2026 earnings, adding to concerns about limited near-term earnings momentum. Erste Group Bank Has Negative Outlook of IBM FY2026 Earnings
• Negative Sentiment: A law firm announced a securities-fraud investigation following IBM’s major stock decline. The announcement is not proof of wrongdoing, but it may add legal and reputational overhang. IBM Securities Fraud Investigation

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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