Crossmark Global Holdings Inc. Trims Holdings in International Business Machines Corporation $IBM

Key Points

• Crossmark Global Holdings reduced its IBM position by 9.1% in the second quarter, selling 11,961 shares and retaining 119,101 shares valued at approximately $33.5 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $265.40, although Susquehanna cut its target to $225 and one analyst downgraded the stock to “Sell.”
• IBM reported quarterly earnings of $2.93 per share, matching estimates, while revenue of $17.16 billion fell short of expectations. The company also declared a quarterly dividend of $1.69 per share, equivalent to a 2.9% yield.

Crossmark Global Holdings Inc. decreased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,101 shares of the technology company's stock after selling 11,961 shares during the period. Crossmark Global Holdings Inc.'s holdings in International Business Machines were worth $33,492,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IBM. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth $25,000. Portus Wealth Advisors LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter worth $28,000. Cornerstone Financial Management LLC bought a new position in International Business Machines in the 4th quarter worth $28,000. Finally, SWAN Capital LLC purchased a new stake in International Business Machines in the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Susquehanna decreased their price target on International Business Machines from $303.00 to $225.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of International Business Machines in a research note on Tuesday, July 21st. Piper Sandler upgraded International Business Machines to an "overweight" 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 note on Saturday, July 18th. Finally, Bank of America boosted their price target on shares of International Business Machines from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, July 6th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and an average target price of $265.40.

International Business Machines Stock Performance

International Business Machines stock opened at $234.79 on Monday. The company's 50-day moving average price is $251.38 and its 200-day moving average price is $252.89. 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 market cap of $221.20 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70. 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 announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts' consensus estimates of $2.93. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid 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 dividend payout ratio (DPR) is presently 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

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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