International Business Machines Corporation $IBM Shares Bought by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG increased its IBM position by 51% in the second quarter, adding 3,025 shares to own 8,955 shares valued at approximately $2.52 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched earnings expectations at $2.93 per share, while revenue of $17.16 billion fell short of the $17.46 billion consensus estimate; revenue still grew 1.1% year over year.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to $6.76 annually and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $265.40, above the reported share price of $236.17.

Bank Pictet & Cie Europe AG increased its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 51.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,955 shares of the technology company's stock after purchasing an additional 3,025 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in International Business Machines were worth $2,518,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new position in International Business Machines in the first quarter valued at approximately $26,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Finally, SWAN Capital LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Up 0.2%

Shares of NYSE:IBM opened at $236.17 on Monday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The firm has a market capitalization of $222.50 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. 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 business's 50 day moving average price is $247.18 and its 200-day moving average price is $250.43.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.80 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is 59.98%.

More International Business Machines News

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBM shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of International Business Machines in a research note on Thursday, July 16th. Wolfe Research lowered shares of International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Craig Hallum initiated coverage on shares of International Business Machines in a report on Wednesday. They issued a "buy" rating for the company. Wall Street Zen downgraded shares of International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Finally, Weiss Ratings lowered shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Sixteen 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. Based on data from MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines Company 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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