Fort Washington Investment Advisors Inc. OH Acquires 36,120 Shares of International Business Machines Corporation $IBM

Key Points

• Fort Washington Investment Advisors increased its IBM stake by 12.3% in the second quarter, acquiring 36,120 additional shares for a total of 330,199 shares valued at approximately $92.9 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest results showed earnings in line with estimates but revenue below expectations: quarterly EPS was $2.93 versus $17.16 billion in revenue, compared with the $17.46 billion consensus forecast. Mainframe weakness remains a concern, while software, Maximo and enterprise AI are cited as potential growth drivers.
• IBM maintains a quarterly dividend of $1.69 per share, or $6.76 annualized, representing a 2.9% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $265.40, though a securities-fraud investigation related to the IBM Z slowdown adds risk.

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 12.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,199 shares of the technology company's stock after acquiring an additional 36,120 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in International Business Machines were worth $92,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 purchasing an additional 1,439,824 shares during the period. State Street Corp lifted its holdings in International Business Machines by 1.0% during the 4th quarter. State Street Corp now owns 54,996,293 shares of the technology company's stock worth $16,290,452,000 after buying an additional 518,321 shares during the period. Geode Capital Management LLC lifted its holdings in International Business Machines by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company's stock worth $6,679,105,000 after buying an additional 336,069 shares during the period. Capital World Investors grew its position in shares of International Business Machines by 29.2% in the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock valued at $6,523,720,000 after buying an additional 4,976,756 shares during the last quarter. Finally, Bank of America Corp DE increased its stake 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 during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines News Summary

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

• Positive Sentiment: Maximo gains credibility with enterprise customers. New Verdantix research commissioned by Cohesive found that IBM Maximo users demonstrate higher maintenance maturity than industry peers, supporting demand for IBM’s asset-management and industrial software offerings. New Verdantix Research Finds IBM Maximo Users Demonstrate Higher Maintenance Maturity Than Industry Peers
• Positive Sentiment: Government and distribution expansion broaden IBM’s software opportunity. Maximo Government SaaS received FedRAMP Moderate authorization, potentially making it easier for U.S. agencies to adopt the platform. Separately, Arrow Electronics expanded its IBM distribution agreement to seven additional European countries. IBM Secures FedRAMP Moderate Authorization For Maximo Government SaaS Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: AI remains a potential growth driver. Coverage highlights IBM’s positioning in the enterprise AI race, while industry research forecasts rapid expansion in agentic AI spending. IBM’s software and consulting exposure could benefit if companies increase spending on AI automation and workflow tools. IBM Makes Surprise Move in Nvidia AI Race
• Neutral Sentiment: Investor positioning is mixed. Quiver data showed more institutions added IBM shares than reduced positions in the latest quarter, and two company insiders made purchases. Analysts’ reported median price target of $310 is well above the recent trading range, although these signals are not guarantees of future performance.
• Negative Sentiment: Mainframe weakness is weighing on sentiment. Recent analysis points to a poor IBM Z/mainframe quarter, with investors concerned that product-cycle headwinds could offset software gains. The company’s latest reported revenue also came in below consensus despite earnings meeting expectations. IBM: Big Blue Sees Red Hat; Mainframe Headwinds, Software Tailwinds
• Negative Sentiment: A securities-fraud investigation adds risk. Bleichmar Fonti & Auld announced an investigation related to the IBM Z slowdown and the stock’s prior decline. The announcement is an allegation and does not establish wrongdoing, but it adds uncertainty and may pressure the shares. IBM Securities Fraud Investigation Initiated After IBM Z Product Slowdown and 25% Stock Drop

International Business Machines Stock Performance

NYSE:IBM opened at $232.74 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a fifty day moving average of $249.44 and a 200-day moving average of $252.00. The firm has a market capitalization of $219.27 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The business 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%. International Business Machines's revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current 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 given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis 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 is 59.98%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent analyst reports. Wedbush set a $350.00 price objective on International Business Machines in a research note on Tuesday, June 2nd. KeyCorp lowered shares of International Business Machines to a "sector weight" rating in a report on Tuesday, June 23rd. Piper Sandler upgraded shares of International Business Machines to an "overweight" rating in a research report on Tuesday, June 23rd. Argus reduced their price objective on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Finally, Citigroup lowered their target price on shares of 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. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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