Deutsche Bank AG bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,416,803 shares of the technology company's stock, valued at approximately $960,839,000. Deutsche Bank AG owned approximately 0.36% of International Business Machines at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in International Business Machines by 1.0% during the fourth quarter. State Street Corp now owns 54,996,293 shares of the technology company's stock worth $16,290,452,000 after purchasing an additional 518,321 shares during the last quarter. Geode Capital Management LLC grew its holdings in International Business Machines by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company's stock valued at $6,679,105,000 after purchasing an additional 336,069 shares during the last quarter. Capital World Investors grew its holdings in International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares during the last quarter. Bank of America Corp DE increased its position in shares of International Business Machines by 7.0% in the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock valued at $3,893,669,000 after buying an additional 1,049,602 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in International Business Machines in the 2nd quarter valued at about $2,606,782,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on IBM shares. Royal Bank Of Canada restated an "outperform" rating and set a $270.00 target price on shares of International Business Machines in a research report on Tuesday, July 21st. Craig Hallum started coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating on the stock. Oppenheimer cut shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Bank of America lifted their price objective on International Business Machines from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Finally, Barclays reduced their target price on International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Sixteen investment 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. According to MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and an average price target of $265.90.
Check Out Our Latest Stock Report on IBM
Insiders Place Their Bets
In other news, SVP Robert David Thomas sold 25,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.
International Business Machines Stock Performance
NYSE:IBM opened at $231.43 on Thursday. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The firm has a 50 day simple moving average of $242.89 and a 200-day simple moving average of $247.41. The firm has a market cap of $218.04 billion, a PE ratio of 20.54, a P/E/G ratio of 2.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.
International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting 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 the consensus estimate of $17.46 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.
International Business Machines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's payout ratio 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 Ventures expands quantum-computing exposure: IBM Ventures invested in BQP, a physics-acceleration company whose bookings have reportedly increased eightfold. The investment supports IBM’s positioning in quantum and advanced-computing infrastructure, although the deal is unlikely to materially affect near-term earnings. IBM Ventures backs BQP
- Positive Sentiment: AI and quantum themes continue to support the investment case: Analysts highlighted IBM among large technology companies that could benefit from quantum-computing adoption through cloud, software and infrastructure offerings. Retail-investor coverage also identified IBM as a favored long-term AI stock, particularly because of its enterprise focus and hybrid-cloud capabilities. Quantum boom investment ideas
- Neutral Sentiment: Dividend remains a key attraction: IBM is highlighted as a major technology dividend payer, with a quarterly distribution of $1.69 per share. The income profile may appeal to defensive investors, though dividend comparisons alone do not resolve concerns about valuation or growth. Cisco versus IBM dividend comparison
- Neutral Sentiment: IBM is promoting responsible AI adoption: A new study found that AI adoption in U.S. K-12 schools is outpacing institutional readiness, prompting IBM to launch a fellowship for education leaders. The initiative may strengthen IBM’s brand and future relationships but has limited immediate financial impact. IBM K-12 AI study
- Negative Sentiment: Securities-fraud investigation adds headline risk: Bleichmar Fonti & Auld said it is investigating whether IBM made potentially misleading statements about the pace of business deals. The announcement is an allegation, not a finding of wrongdoing, but it could increase legal uncertainty and investor caution. IBM securities investigation
- Negative Sentiment: Broader concerns remain over IBM’s growth outlook: Recent analysis cited AI-driven disruption to legacy services, pricing pressure and reduced estimates as reasons for IBM’s year-to-date weakness, despite support from hybrid cloud and watsonx. Technical coverage also identified resistance near $239, suggesting limited upside until momentum improves. IBM stock outlook
International Business Machines Profile
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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.
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