International Business Machines Corporation $IBM Holdings Raised by Reynders McVeigh Capital Management LLC

Key Points

• Reynders McVeigh Capital Management increased its IBM stake by 5.2% in the second quarter, owning 150,929 shares worth approximately $42.4 million. Institutional investors collectively hold 58.96% of IBM’s stock.
• IBM reported quarterly revenue of $17.16 billion, up 1.1% year over year, while earnings of $2.93 per share matched analyst expectations. The company also maintains a quarterly dividend of $1.69 per share, yielding about 2.8%.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target near $265, although IBM faces technical weakness, a recent share-price decline and significant capital requirements for its quantum-computing initiatives.

Reynders McVeigh Capital Management LLC boosted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,929 shares of the technology company's stock after buying an additional 7,403 shares during the period. International Business Machines accounts for 1.7% of Reynders McVeigh Capital Management LLC's portfolio, making the stock its 17th biggest holding. Reynders McVeigh Capital Management LLC's holdings in International Business Machines were worth $42,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the fourth quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $28,000. Harborfront Financial Group LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth $27,000. Hara Capital LLC acquired a new stake in shares of International Business Machines in the second quarter valued at $28,000. Finally, Bare Financial Services Inc boosted its stake in International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after buying an additional 55 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM subsidiary Anderon finalized a $1 billion CHIPS and Science Act award from the U.S. Department of Commerce to support research, development and early production at a 300-millimeter quantum wafer foundry in Albany, New York. IBM is expected to match the award with its own investment. The deal strengthens IBM’s position in quantum-computing infrastructure, although the funding is intended largely for development rather than an immediate revenue increase. Anderon CHIPS award announcement
• Positive Sentiment: Investors view the Anderon facility as a potential long-term growth opportunity because IBM could build quantum manufacturing capacity and provide infrastructure to outside customers. Reports of initial quantum-wafer production and fresh industry breakthroughs have also lifted sentiment toward IBM and quantum peers. IBM quantum infrastructure report
• Positive Sentiment: IBM announced collaborations with CUBE and Dun & Bradstreet that add regulatory intelligence and verified business data to watsonx.governance and watsonx Orchestrate. The agreements support IBM’s effort to turn AI pilots into production-grade, compliant enterprise workflows, though financial terms were not disclosed. CUBE and IBM collaboration
• Neutral Sentiment: Analysts cited in recent coverage set an average price target of approximately $265.90, implying potential upside from recent trading levels, but the target is not a guarantee and IBM remains below its 200-day moving average.
• Negative Sentiment: IBM recently experienced a sharper decline than the broader market, with coverage pointing to profit-taking, technical weakness and general market pressure despite the quantum award. The company must also commit substantial capital alongside federal funding, which could limit the near-term earnings benefit. IBM recent market decline

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Needham & Company LLC initiated coverage on International Business Machines in a report on Wednesday, June 3rd. They set a "buy" rating on the stock. Morgan Stanley cut their price target on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $270.00 price objective on shares of International Business Machines in a research report on Tuesday, July 21st. HSBC set a $175.00 price objective on shares of International Business Machines and gave the stock a "reduce" rating in a research note on Thursday, July 16th. Finally, Roth Capital reiterated a "buy" rating on shares of International Business Machines in a report on Wednesday, June 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.16.

International Business Machines Price Performance

IBM opened at $238.27 on Friday. The stock has a fifty day moving average of $232.30 and a 200-day moving average of $246.70. The firm has a market capitalization of $224.48 billion, a P/E ratio of 21.14, a PEG ratio of 2.26 and a beta of 0.71. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63.

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 net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a $1.69 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's payout ratio is currently 59.98%.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.

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