HB Wealth Management LLC Purchases 6,594 Shares of International Business Machines Corporation $IBM

HB Wealth Management LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,600 shares of the technology company's stock after buying an additional 6,594 shares during the period. HB Wealth Management LLC's holdings in International Business Machines were worth $28,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IBM. Nilsine Partners LLC increased its holdings in shares of International Business Machines by 1.4% in the 2nd quarter. Nilsine Partners LLC now owns 9,383 shares of the technology company's stock worth $2,639,000 after buying an additional 127 shares during the last quarter. Nvest Financial LLC boosted its holdings in International Business Machines by 265.0% during the 2nd quarter. Nvest Financial LLC now owns 8,564 shares of the technology company's stock valued at $2,408,000 after acquiring an additional 6,218 shares during the period. Saudi Central Bank grew its holdings in shares of International Business Machines by 90.3% in the second quarter. Saudi Central Bank now owns 65,662 shares of the technology company's stock worth $18,465,000 after purchasing an additional 31,160 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its position in shares of International Business Machines by 10.1% in the second quarter. Fortitude Advisory Group L.L.C. now owns 4,371 shares of the technology company's stock valued at $1,229,000 after acquiring an additional 400 shares during the period. Finally, Angeles Wealth Management LLC increased its holdings in International Business Machines by 14.9% during the 2nd quarter. Angeles Wealth Management LLC now owns 5,878 shares of the technology company's stock valued at $1,653,000 after purchasing an additional 763 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines News Summary

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

• Positive Sentiment: IBM’s AI deployment with a Turkish credit bureau will process approximately 23 million transactions daily, providing evidence that its technology is being used at production scale. The contract’s financial value was not disclosed, limiting the immediate earnings impact. IBM's New AI Deal Must Handle 23 Million Transactions Daily
• Positive Sentiment: IBM’s collaboration with NASA to release an open-source lunar foundation model enhances its credibility in specialized AI. The model analyzes lunar data for features such as craters, ice deposits and volcanic activity, potentially supporting future government and research workloads. IBM Takes its AI Strategy Beyond Earth with NASA Lunar Model
• Positive Sentiment: Technical traders see IBM potentially breaking above the $239 resistance level after forming an ascending-triangle pattern. Sustained trading above that level could reinforce momentum and attract additional buyers. Stock of the Day: Did IBM Just Break Out?
• Neutral Sentiment: NVIDIA’s CUDA-Q Logical platform includes IBM quantum hardware in early benchmarking and could make hybrid GPU-quantum computing more practical. The development supports IBM’s long-term quantum ecosystem, but commercial revenue and adoption remain uncertain. Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
• Neutral Sentiment: Europe’s green IT software market is forecast to more than double by 2031 as companies address sustainability reporting and energy optimization. IBM is listed among the potential beneficiaries, although the report does not identify new IBM revenue or contracts. Europe Green IT Software Forecasts Growth
• Negative Sentiment: Quiver Quantitative data shows an IBM senior vice president sold 25,000 shares, while broader insider activity over the past six months included no purchases. The sale may weigh modestly on sentiment, though it does not necessarily indicate a change in IBM’s fundamentals. IBM Stock Opinions on Recent Price Surge and AI Deals
• Negative Sentiment: IBM’s reported settlement of discrimination-related claims tied to Trump-era diversity, equity and inclusion policies adds legal and reputational risk, although the article provides limited detail on IBM’s payment or potential financial exposure. Consulting's Trump-era DEI Bill

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. Susquehanna upped their price objective on shares of International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Bank of America raised their price target on International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a report on Monday, July 6th. HSBC set a $175.00 price objective on International Business Machines and gave the company a "reduce" rating in a research report on Thursday, July 16th. Jefferies Financial Group reduced their price target on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Finally, Wall Street Zen lowered International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday. Seventeen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $265.16.

International Business Machines Stock Down 0.3%

Shares of IBM stock opened at $248.39 on Wednesday. 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 Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The stock has a market cap of $234.01 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.37 and a beta of 0.71. The company has a 50 day simple moving average of $234.72 and a two-hundred day simple moving average of $246.74.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly 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 net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. During the same quarter last year, the company posted $2.80 EPS. The company's revenue was up 1.1% compared to the same quarter last year. On average, research analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were given a dividend of $1.69 per share. The ex-dividend date was Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines's payout ratio is 59.98%.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 47,800 shares of the company's stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company's stock.

International Business Machines Profile

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.