International Business Machines Corporation $IBM Holdings Raised by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System increased its IBM stake by 13.7% in the third quarter, adding 6,969 shares and bringing its holdings to 57,729 shares, valued at about $12.7 million.
• IBM reported quarterly EPS of $2.95, beating the $2.85 consensus estimate, and revenue of $17.10 billion, up 4.7% year over year. The company also announced a $1.69 quarterly dividend, equivalent to a 2.7% yield.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $266.88; 19 analysts rated the stock Buy, 13 Hold, and two Sell.

Maryland State Retirement & Pension System raised its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,729 shares of the technology company's stock after acquiring an additional 6,969 shares during the quarter. Maryland State Retirement & Pension System's holdings in International Business Machines were worth $12,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management raised its position in shares of International Business Machines by 6.7% during the third quarter. Ritholtz Wealth Management now owns 22,510 shares of the technology company's stock worth $4,951,000 after acquiring an additional 1,415 shares during the last quarter. UNIVEST FINANCIAL Corp lifted its stake in shares of International Business Machines by 85.7% during the third quarter. UNIVEST FINANCIAL Corp now owns 6,639 shares of the technology company's stock valued at $1,460,000 after acquiring an additional 3,064 shares during the period. NBH Bank boosted its holdings in International Business Machines by 4.0% in the third quarter. NBH Bank now owns 4,109 shares of the technology company's stock valued at $904,000 after acquiring an additional 157 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in International Business Machines by 2.5% in the third quarter. Joel Isaacson & Co. LLC now owns 23,807 shares of the technology company's stock valued at $5,236,000 after acquiring an additional 575 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in International Business Machines by 7.8% in the third quarter. Jacobi Capital Management LLC now owns 28,787 shares of the technology company's stock valued at $6,331,000 after acquiring an additional 2,074 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $248.27 on Thursday. The firm has a fifty day moving average of $237.53 and a two-hundred day moving average of $247.92. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $234.64 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.41 and a beta of 0.78. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period last year, the company earned $2.65 EPS. The firm's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines's dividend payout ratio is presently 57.63%.

Analysts Set New Price Targets

IBM has been the subject of a number of research reports. Truist Financial set a $260.00 price objective on International Business Machines in a research report on Thursday, October 22nd. Wall Street Zen upgraded shares of International Business Machines from a "sell" rating to a "hold" rating in a research report on Saturday, October 24th. HSBC reduced their target price on shares of International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Argus reduced their target price on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, July 16th. Finally, Daiwa Securities Group lowered their price target on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $266.88.

Key International Business Machines News

Here's some of the latest news about IBM:

• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index
• Negative Sentiment: Reports say IBM will end H-1B and green-card sponsorship for most roles in its largest unit, IBM Consulting. Requiring some employees to relocate or leave could create retention and hiring challenges, although the financial impact is unclear. Bloomberg report on IBM immigration sponsorship

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the firm'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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

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