International Business Machines Corporation $IBM Position Lessened by Corient Private Wealth LP

Key Points

• Corient Private Wealth reduced its IBM position by 9.9% in the second quarter, selling 49,850 shares and retaining 454,375 shares valued at approximately $127.8 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains broadly positive: IBM has a “Moderate Buy” consensus rating from 28 analysts, with an average price target of $265.16, despite some recent price-target cuts and one sell rating.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of expectations. The company also pays a quarterly dividend of $1.69, equivalent to a 2.7% annual yield.

Corient Private Wealth LP decreased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 454,375 shares of the technology company's stock after selling 49,850 shares during the period. Corient Private Wealth LP's holdings in International Business Machines were worth $127,775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in International Business Machines during the fourth quarter valued at approximately $28,000. Harborfront Financial Group LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $27,000. Hara Capital LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $28,000. Finally, Bare Financial Services Inc grew its position in International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IBM shares. Wedbush set a $350.00 price target on shares of International Business Machines in a report on Tuesday, June 2nd. Wall Street Zen cut shares of International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday. Stifel Nicolaus cut their target price on International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $270.00 price target on shares of International Business Machines in a research report on Tuesday, July 21st. Finally, Craig Hallum began coverage on International Business Machines in a research note on Wednesday, August 19th. They set a "buy" rating for the company. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of "Moderate Buy" and an average price target 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 International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company's stock.

International Business Machines Stock Performance

NYSE:IBM opened at $248.39 on Wednesday. The firm's 50-day moving average is $234.72 and its 200-day moving average is $246.74. The company has a market cap of $234.01 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.37 and a beta of 0.71. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. 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 issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) 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 firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the company posted $2.80 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $1.69 dividend. 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 dividend payout ratio is presently 59.98%.

International Business Machines Company 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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