International Business Machines Corporation $IBM Position Lifted by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. increased its IBM stake by 4.1% in the second quarter, bringing its holdings to 185,102 shares valued at approximately $52.1 million. Institutional investors collectively own 58.96% of IBM.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $265.40, despite several recent price-target cuts and one downgrade to “Sell.”
• IBM reported quarterly EPS in line with expectations at $2.93, while revenue of $17.16 billion fell short of estimates; the company also declared a quarterly dividend of $1.69 per share, representing a 2.9% yield.

D.A. Davidson & CO. raised its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,102 shares of the technology company's stock after acquiring an additional 7,282 shares during the quarter. D.A. Davidson & CO.'s holdings in International Business Machines were worth $52,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGowan Group Asset Management Inc. lifted its position in shares of International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company's stock worth $798,000 after purchasing an additional 33 shares during the last quarter. Exencial Wealth Advisors LLC grew its stake in International Business Machines by 0.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company's stock worth $2,332,000 after purchasing an additional 34 shares in the last quarter. Orca Wealth Management LLC grew its stake in International Business Machines by 3.7% in the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company's stock worth $285,000 after purchasing an additional 35 shares in the last quarter. Friday Financial increased its holdings in International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after buying an additional 35 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its stake in International Business Machines by 1.1% during the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company's stock valued at $1,025,000 after buying an additional 36 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. Oppenheimer downgraded International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Stifel Nicolaus lowered their price target on International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a report on Monday, July 20th. Roth Capital reissued a "buy" rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Wall Street Zen cut International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Finally, Barclays decreased their price objective on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $265.40.

International Business Machines Stock Performance

Shares of IBM stock opened at $236.17 on Monday. The company has a market cap of $222.50 billion, a P/E ratio of 20.96, a PEG ratio of 2.31 and a beta of 0.70. The business has a 50 day moving average of $247.18 and a two-hundred day moving average of $250.43. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week 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 announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts' consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 EPS. As a group, analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend payout ratio is presently 59.98%.

International Business Machines News Summary

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

• Positive Sentiment: Industry research projects the global hyperscale data-center market will expand from $162.79 billion in 2024 to $608.54 billion by 2030, driven by AI, machine learning and cloud-computing demand. This supports IBM’s infrastructure, consulting and hybrid-cloud opportunities, although the report is not an IBM-specific contract announcement. Hyperscale Data Center Market Surges to $608.54 billion
• Positive Sentiment: IBM’s modular cryogenic technology is designed to help scale its quantum systems toward 1,000 programmable qubits and support its Quantum Starling plans by 2029. The development strengthens IBM’s technology narrative and long-term growth potential, though commercial revenue benefits remain several years away. Can IBM Scale Quantum Computing With Its New Cryogenic Systems?
• Positive Sentiment: A power producer and Cohesive received an award for improving workplace safety using IBM Maximo, providing third-party recognition of the software’s industrial asset-management capabilities. The item is supportive of IBM’s enterprise-software credibility but does not indicate a material near-term financial impact. CEPR and Cohesive Receive Maximo Award
• Neutral Sentiment: A Zacks review notes that IBM has risen 13.1% since its latest earnings report, indicating continued investor support after the results. However, the company’s reported revenue missed expectations while earnings per share matched estimates, leaving valuation and execution important considerations. Why Is IBM Up Since Its Last Earnings Report?
• Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations related to IBM’s prior stock decline. The notice appears to be an investor-solicitation announcement rather than a finding of wrongdoing, but it can weigh on sentiment and introduce potential legal risk. IBM Ongoing Investigation

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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