HM Payson & Co. Sells 2,378 Shares of International Business Machines Corporation $IBM

HM Payson & Co. decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,870 shares of the technology company's stock after selling 2,378 shares during the quarter. HM Payson & Co.'s holdings in International Business Machines were worth $20,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Basepoint Wealth LLC bought a new position in International Business Machines during the fourth quarter valued at about $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines during the 4th quarter valued at about $28,000. Cornerstone Financial Management LLC bought a new position in shares of International Business Machines in the 4th quarter valued at approximately $28,000. SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in International Business Machines during the fourth quarter worth approximately $31,000. 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: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

International Business Machines Trading Down 2.5%

Shares of International Business Machines stock opened at $228.53 on Tuesday. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The firm has a market capitalization of $215.31 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The company's fifty day moving average price is $250.33 and its two-hundred day moving average price is $252.43.

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, meeting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.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 prior year, the company posted $2.80 EPS. The company's revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. International Business Machines's dividend payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IBM shares. Jefferies Financial Group reduced their price objective 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a $270.00 target price on shares of International Business Machines in a research note on Tuesday, July 21st. Stifel Nicolaus dropped their target price on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Wedbush set a $350.00 target price on shares of International Business Machines in a research report on Tuesday, June 2nd. Finally, Susquehanna decreased their price target on shares of International Business Machines from $303.00 to $225.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $265.40.

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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