HORAN Wealth LLC Sells 2,861 Shares of International Business Machines Corporation $IBM

Key Points

• HORAN Wealth LLC cut its IBM position by 49.3%, selling 2,861 shares and retaining 2,941 shares valued at approximately $827,000. Institutional investors overall own 58.96% of IBM.
• IBM reported quarterly EPS of $2.93, in line with estimates, while revenue of $17.16 billion fell short of expectations but increased 1.1% year over year. The company maintains a quarterly dividend of $1.69 per share, equivalent to a 2.7% yield.
• Analysts rate IBM a “Moderate Buy,” with 17 Buy, 10 Hold and 1 Sell rating; the consensus price target is $265.16 versus an opening price of $248.39.

HORAN Wealth LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 49.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,941 shares of the technology company's stock after selling 2,861 shares during the quarter. HORAN Wealth LLC's holdings in International Business Machines were worth $827,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of International Business Machines during the 2nd quarter worth about $21,586,659,000. State Street Corp increased its position in shares of International Business Machines by 1.0% in the fourth quarter. State Street Corp now owns 54,996,293 shares of the technology company's stock valued at $16,290,452,000 after acquiring an additional 518,321 shares during the last quarter. Geode Capital Management LLC raised its holdings in International Business Machines by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company's stock worth $6,679,105,000 after acquiring an additional 336,069 shares in the last quarter. Capital World Investors raised its holdings in International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock worth $6,523,720,000 after acquiring an additional 4,976,756 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in International Business Machines by 7.0% during 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 purchasing an additional 1,049,602 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

NYSE:IBM opened at $248.39 on Wednesday. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company 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 firm's fifty day moving average price is $234.72 and its two-hundred day moving average price is $246.74. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 EPS. Equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IBM shares. Susquehanna boosted their price target on International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a research report on Monday, August 31st. Needham & Company LLC began coverage on International Business Machines in a report on Wednesday, June 3rd. They issued a "buy" rating for the company. The Goldman Sachs Group set a $270.00 target price on shares of International Business Machines in a research note on Thursday, July 23rd. Wolfe Research downgraded shares of International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Finally, Bank of America increased their price target on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $265.16.

More International Business Machines News

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

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company's stock.

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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