Glenview Trust Co Takes Position in International Business Machines Corporation $IBM

Key Points

• Glenview Trust Co. acquired 154,329 IBM shares during the second quarter, valued at approximately $43.4 million. Institutional investors collectively own about 58.96% of IBM’s outstanding stock.
• IBM’s latest quarterly results matched earnings expectations at $2.93 per share, but revenue of $17.16 billion fell short of estimates. Revenue increased 1.1% year over year, while the company maintained a quarterly dividend of $1.69 per share, representing a 2.9% yield.
• Analyst sentiment remains moderately bullish, with a consensus price target of $265.90 versus a share price of $234.06, though several firms recently cut their targets. IBM continues pursuing AI and quantum-computing opportunities, but modest growth, premium valuation and legal-risk headlines remain concerns.

Glenview Trust Co acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 154,329 shares of the technology company's stock, valued at approximately $43,399,000.

Several other large investors have also recently bought and sold shares of IBM. Assetmark Inc. grew its position in shares of International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after buying an additional 12,791 shares during the last quarter. GLOBALT Investments LLC GA lifted its position 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 acquired a new position in International Business Machines in the fourth quarter valued at $3,317,000. Sage Investment Advisers LLC purchased a new position in shares of International Business Machines during the fourth quarter worth about $4,101,000. Finally, Flputnam Investment Management Co. purchased a new position in shares of International Business Machines during the second quarter worth about $15,237,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 2.5%

NYSE:IBM opened at $234.06 on Friday. The stock has a market capitalization of $220.51 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.29 and a beta of 0.71. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The stock has a fifty day moving average price of $237.79 and a two-hundred day moving average price of $246.38. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm posted $2.80 EPS. The business's revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a $1.69 dividend. The ex-dividend date was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

Key International Business Machines News

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

• Positive Sentiment: IBM and Lockheed Martin announced a quantum innovation hub at ETH Zurich, supported by Switzerland’s defense-procurement offset program. The initiative will deploy Switzerland’s first IBM Quantum System Two at the Swiss National Supercomputing Centre, giving IBM a multi-year platform for quantum-computing research in areas such as sensing and advanced materials. IBM and Lockheed Martin Announce Swiss Quantum Innovation Hub
• Positive Sentiment: IBM and NASA released an open-source Lunar Foundation Model trained on extensive lunar-observation data. The model reportedly improves identification of lunar features, including potential ice deposits and craters, highlighting IBM’s AI capabilities and government-research relationships, although the near-term revenue impact is likely limited. IBM and NASA Release Open-Source AI Model
• Positive Sentiment: Market commentary continues to identify IBM as an established-company route to AI and quantum exposure, supported by its hybrid-cloud, enterprise-software and consulting businesses. A Cleveland Clinic, RIKEN and IBM team was also named a finalist for the ACM Gordon Bell Prize for quantum-centric supercomputing research. IBM Team Advances to Gordon Bell Prize Finals
• Neutral Sentiment: A shareholder-rights law firm announced an investigation into IBM related to its previously previewed second-quarter results. Such notices are often solicitation-driven and do not establish wrongdoing, but they can add headline and legal-risk pressure. Law Firm Investigation Report
• Negative Sentiment: IBM’s latest quarterly results showed earnings in line with estimates but revenue below expectations, reinforcing concerns that growth is modest. Analysts also continue to view competing AI-cloud names as having stronger near-term growth and momentum.
• Negative Sentiment: Investors remain focused on IBM’s earlier AI-security investment and whether related partnerships will translate into durable software revenue. Those questions, combined with a premium valuation and broader-market weakness, appear to have outweighed the longer-term quantum and AI announcements. IBM AI Security Investment

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBM. Citigroup decreased their target price on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Wolfe Research cut shares of International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Wedbush set a $350.00 price target on shares of International Business Machines in a research report on Tuesday, June 2nd. Stifel Nicolaus lowered their price objective on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Finally, HSBC set a $175.00 price objective on shares of International Business Machines and gave the company a "reduce" rating in a research note on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $265.90.

Insider Buying and Selling at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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