International Business Machines Corporation $IBM Shares Acquired by Access Financial Services Inc.

Key Points

• Access Financial Services increased its IBM stake by 66.1% in the second quarter, bringing its holdings to 7,974 shares valued at approximately $2.24 million. Institutional investors collectively own 58.96% of IBM.
• IBM reported quarterly earnings of $2.93 per share, matching estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of forecasts. The company declared a quarterly dividend of $1.69, equivalent to an annualized yield of about 3.0%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $265.40 versus the reported share price of $228.53. AI growth, expanded distribution and government demand are potential catalysts, while a reported mainframe slowdown and securities-fraud investigation add risk.

Access Financial Services Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 66.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,974 shares of the technology company's stock after purchasing an additional 3,172 shares during the period. International Business Machines comprises about 0.7% of Access Financial Services Inc.'s holdings, making the stock its 14th largest holding. Access Financial Services Inc.'s holdings in International Business Machines were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Gallacher Capital Management LLC raised its position in International Business Machines by 2.3% in the 2nd quarter. Gallacher Capital Management LLC now owns 3,180 shares of the technology company's stock valued at $894,000 after purchasing an additional 72 shares in the last quarter. Brown Miller Wealth Management LLC grew its position in shares of International Business Machines by 4.3% during the second quarter. Brown Miller Wealth Management LLC now owns 13,126 shares of the technology company's stock worth $3,691,000 after buying an additional 541 shares in the last quarter. Simplify Asset Management Inc. grew its position in shares of International Business Machines by 4.7% during the second quarter. Simplify Asset Management Inc. now owns 5,014 shares of the technology company's stock worth $1,410,000 after buying an additional 224 shares in the last quarter. Northeast Investment Management increased its stake in shares of International Business Machines by 4.4% during the second quarter. Northeast Investment Management now owns 7,268 shares of the technology company's stock worth $2,044,000 after buying an additional 309 shares during the period. Finally, Richards Merrill & Peterson Inc. raised its holdings in International Business Machines by 5.9% in the second quarter. Richards Merrill & Peterson Inc. now owns 8,461 shares of the technology company's stock valued at $2,379,000 after acquiring an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock opened at $228.53 on Tuesday. The business has a 50 day simple moving average of $250.33 and a 200-day simple moving average of $252.43. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a market capitalization of $215.31 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. International Business Machines's dividend payout ratio (DPR) is presently 59.98%.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

Wall Street Analysts Forecast Growth

IBM has been the subject of several analyst reports. The Goldman Sachs Group set a $270.00 price target on shares of International Business Machines in a report on Thursday, July 23rd. Bank of America raised their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a report on Monday, July 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $270.00 price objective on shares of International Business Machines in a research report on Tuesday, July 21st. Barclays dropped their target price on International Business Machines from $288.00 to $262.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Finally, Wedbush set a $350.00 price target on International Business Machines in a research note on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

About International Business Machines

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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