Griffin Asset Management Inc. Boosts Stock Position in International Business Machines Corporation $IBM

Key Points

• Griffin Asset Management increased its IBM stake by 141% in the second quarter, bringing its holdings to 26,888 shares valued at approximately $7.56 million. Institutional investors collectively own 58.96% of IBM’s stock.
• IBM’s latest quarterly results matched analysts’ EPS estimate at $2.93, while revenue rose 1.1% year over year to $17.16 billion but fell short of expectations. The company declared a quarterly dividend of $1.69, representing a 2.9% annualized yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $265.40, although some firms have issued hold, sector-weight, or sell ratings.

Griffin Asset Management Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 141.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,888 shares of the technology company's stock after acquiring an additional 15,730 shares during the quarter. Griffin Asset Management Inc.'s holdings in International Business Machines were worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the 4th quarter valued at $28,000. Cornerstone Financial Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $28,000. SWAN Capital LLC acquired a new position in International Business Machines in the 3rd quarter valued at $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in International Business Machines during the 4th quarter worth $31,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Trading Up 1.1%

NYSE:IBM opened at $236.17 on Friday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a fifty day moving average price of $247.18 and a two-hundred day moving average price of $250.88. The stock has a market capitalization of $222.50 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.31 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 EPS 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 company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the firm earned $2.80 EPS. The business's revenue was up 1.1% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $1.69 dividend. 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 dividend payout ratio (DPR) is 59.98%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen cut shares of International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. KeyCorp lowered shares of International Business Machines to a "sector weight" rating in a research note on Tuesday, June 23rd. Craig Hallum assumed coverage on shares of International Business Machines in a report on Wednesday. They set a "buy" rating for the company. Sanford C. Bernstein restated a "market perform" rating on shares of International Business Machines in a research report on Thursday, July 16th. Finally, Roth Capital reaffirmed a "buy" rating on shares of International Business Machines in a report on Wednesday, June 3rd. Sixteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of "Moderate Buy" and an average price target of $265.40.

Key Headlines Impacting International Business Machines

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 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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