International Business Machines Corporation $IBM Shares Newly Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management opened a new IBM position in the third quarter, buying 6,950 shares valued at approximately $1.53 million. Institutional investors and hedge funds collectively owned 58.96% of the company’s stock.
• Analyst sentiment was broadly positive: IBM had a consensus “Moderate Buy” rating and an average price target of $266.88, based on 19 Buy, 13 Hold, and 2 Sell ratings.
• IBM reported quarterly earnings of $2.95 per share, beating estimates of $2.85, while revenue rose 4.7% year over year to $17.10 billion. The company also declared a quarterly dividend of $1.69 per share.

Fulcrum Asset Management LLP acquired a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,950 shares of the technology company's stock, valued at approximately $1,529,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in International Business Machines during the second quarter worth $21,586,659,000. Bank of America Corp DE purchased a new stake in shares of International Business Machines in the second quarter valued at $4,214,868,000. Bank of New York Mellon Corp acquired a new stake in shares of International Business Machines during the second quarter valued at $2,606,782,000. Legal & General Group Plc acquired a new stake in shares of International Business Machines during the second quarter valued at $1,874,733,000. Finally, Wellington Management Group LLP increased its position in International Business Machines by 2,362.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company's stock worth $1,841,755,000 after purchasing an additional 6,283,395 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Craig Hallum began coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They set a "buy" rating on the stock. Bank of America cut their price objective on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Citic Securities upped their price objective on shares of International Business Machines from $294.00 to $297.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Oppenheimer lowered shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. Finally, UBS Group raised their target price on shares of International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $266.88.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.27% of the company's stock.

International Business Machines Price Performance

IBM opened at $248.27 on Thursday. The company's 50 day simple moving average is $237.53 and its 200 day simple moving average is $247.92. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The stock has a market capitalization of $234.64 billion, a PE ratio of 21.17, a P/E/G ratio of 2.41 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.10. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. International Business Machines's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.65 EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines's dividend payout ratio is presently 57.63%.

International Business Machines News Summary

Investors following IBM have been watching these news items:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum announcement
• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

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