International Business Machines Corporation $IBM Shares Bought by State Street Corp

Key Points

• State Street increased its IBM stake by 2.7% in the second quarter, adding 1.45 million shares to own approximately 5.95% of the company. Institutional investors and hedge funds collectively hold 58.96% of IBM.
• IBM reported quarterly earnings of $2.93 per share, in line with estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of the $17.46 billion consensus forecast.
• IBM paid a quarterly dividend of $1.69 per share, equivalent to a 2.9% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $265.16, compared with the stock’s recent price near $230.81.

State Street Corp lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,045,055 shares of the technology company's stock after buying an additional 1,450,562 shares during the quarter. State Street Corp owned approximately 5.95% of International Business Machines worth $15,760,430,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBM. Assetmark Inc. raised its holdings in International Business Machines by 24.8% in the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after buying an additional 12,791 shares during the period. Rice Partnership LLC purchased a new stake in International Business Machines during the fourth quarter worth approximately $3,317,000. Sage Investment Advisers LLC acquired a new stake in shares of International Business Machines in the fourth quarter worth $4,101,000. Flputnam Investment Management Co. acquired a new stake in shares of International Business Machines in the second quarter worth $15,237,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of International Business Machines in the 4th quarter valued at $10,039,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 0.5%

IBM stock traded down $1.12 during trading on Tuesday, reaching $230.81. The stock had a trading volume of 1,817,669 shares, compared to its average volume of 7,677,835. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The firm has a fifty day moving average price of $229.96 and a 200 day moving average price of $246.54. The company has a market capitalization of $217.45 billion, a P/E ratio of 20.48, a PEG ratio of 2.19 and a beta of 0.71. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results 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 return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the firm earned $2.80 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were 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 was Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is 59.98%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM and Marist University launched an Innovation Incubator using the IBM z17 mainframe to support AI research, student training and career readiness. The initiative expands a 50-year relationship and could strengthen IBM’s long-term pipeline of z17, hybrid-cloud and AI users, although it is unlikely to materially affect near-term revenue. Marist University and IBM Launch Innovation Incubator
• Positive Sentiment: IBM’s integration of Arm technology into its enterprise mainframes highlights the company’s effort to support changing AI and data-center workloads. Greater processor flexibility could improve IBM’s competitiveness as agentic AI expands, though the report provides no direct financial guidance. IBM Mainframe Arm Integration
• Neutral Sentiment: IBM’s workforce study found a significant gap between the AI oversight skills employers want and the skills employees prioritize. The findings reinforce demand for IBM’s consulting, training and governance services, but the study itself does not represent a new contract or revenue forecast. IBM CHRO Study
• Negative Sentiment: IBM’s roughly $2 billion investment to build a quantum-manufacturing platform is weighing on sentiment because external demand for quantum wafers remains uncertain. Federal matching capital should reduce IBM’s burden, but investors may remain concerned about elevated spending and the timing of commercial returns. IBM Quantum Manufacturing Platform
• Negative Sentiment: Commentary linking IBM CEO Arvind Krishna to concerns about quantum-computing threats to Bitcoin adds reputational noise, but has little direct implication for IBM’s operating results. Bitcoin and Quantum Computing Commentary

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IBM shares. Craig Hallum assumed coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a "buy" rating for the company. Wolfe Research lowered International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Citigroup reduced their price objective on International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. HSBC set a $175.00 target price on International Business Machines and gave the stock a "reduce" rating in a research report on Thursday, July 16th. Finally, Piper Sandler upgraded International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Seventeen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $265.16.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares in the company, valued at $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 the SEC website. 0.27% of the stock is owned by corporate insiders.

About International Business Machines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.