Exchange Traded Concepts LLC Purchases 6,184 Shares of International Business Machines Corporation $IBM

Exchange Traded Concepts LLC lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 16.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,338 shares of the technology company's stock after acquiring an additional 6,184 shares during the period. Exchange Traded Concepts LLC's holdings in International Business Machines were worth $12,468,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IBM. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company's stock valued at $77,234,000 after buying an additional 211,040 shares in the last quarter. Assetmark Inc. boosted its position in shares of International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after acquiring an additional 12,791 shares in the last quarter. GLOBALT Investments LLC GA increased its stake in International Business Machines by 19.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company's stock valued at $5,417,000 after acquiring an additional 2,930 shares during the last quarter. Rice Partnership LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in International Business Machines during the fourth quarter valued at approximately $4,101,000. 58.96% of the stock is owned by institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: Industry research projects the global hyperscale data-center market will expand from $162.79 billion in 2024 to $608.54 billion by 2030, driven by AI, machine learning and cloud-computing demand. This supports IBM’s infrastructure, consulting and hybrid-cloud opportunities, although the report is not an IBM-specific contract announcement. Hyperscale Data Center Market Surges to $608.54 billion
• Positive Sentiment: IBM’s modular cryogenic technology is designed to help scale its quantum systems toward 1,000 programmable qubits and support its Quantum Starling plans by 2029. The development strengthens IBM’s technology narrative and long-term growth potential, though commercial revenue benefits remain several years away. Can IBM Scale Quantum Computing With Its New Cryogenic Systems?
• Positive Sentiment: A power producer and Cohesive received an award for improving workplace safety using IBM Maximo, providing third-party recognition of the software’s industrial asset-management capabilities. The item is supportive of IBM’s enterprise-software credibility but does not indicate a material near-term financial impact. CEPR and Cohesive Receive Maximo Award
• Neutral Sentiment: A Zacks review notes that IBM has risen 13.1% since its latest earnings report, indicating continued investor support after the results. However, the company’s reported revenue missed expectations while earnings per share matched estimates, leaving valuation and execution important considerations. Why Is IBM Up Since Its Last Earnings Report?
• Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations related to IBM’s prior stock decline. The notice appears to be an investor-solicitation announcement rather than a finding of wrongdoing, but it can weigh on sentiment and introduce potential legal risk. IBM Ongoing Investigation

International Business Machines Trading Up 1.1%

IBM opened at $236.17 on Friday. The company has a fifty day moving average price of $247.18 and a two-hundred day moving average price of $250.88. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a market cap of $222.50 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.29 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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 net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 2.9%. International Business Machines's payout ratio is currently 59.98%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IBM. Wolfe Research cut International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Robert W. Baird began coverage on shares of International Business Machines in a research note on Tuesday, July 21st. They issued a "neutral" rating and a $230.00 price target on the stock. HSBC set a $175.00 price target on shares of International Business Machines and gave the company a "reduce" rating in a report on Thursday, July 16th. Morgan Stanley decreased their target price on shares of 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. Finally, Susquehanna reduced their price objective on International Business Machines from $303.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Sixteen equities research 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

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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