International Business Machines Corporation $IBM Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak boosted its IBM stake by 1,404.5% in Q4, adding 6,573 shares to hold 7,041 shares worth about $2.09 million, which is 0.7% of its portfolio and its 23rd largest holding.
• Insiders bought stock recently: Director David N. Farr purchased 1,000 shares at $304 and director Michael Miebach bought 434 shares at $233.33, with insiders acquiring 1,484 shares (~$417,157) over the quarter (insiders own 0.27%).
• Financials and sentiment: IBM beat Q4 estimates with EPS $4.52 (vs. $4.33) and revenue $19.69B (up 12.2% YoY); analysts are mostly positive (average price target ~$314.60) and the company pays a $1.68 quarterly dividend (≈2.7% yield).

Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1,404.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,041 shares of the technology company's stock after acquiring an additional 6,573 shares during the quarter. International Business Machines comprises 0.7% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 23rd biggest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in International Business Machines were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC increased its stake in International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock valued at $571,000 after buying an additional 186 shares during the period. Dodge & Cox increased its stake in International Business Machines by 41.8% in the 2nd quarter. Dodge & Cox now owns 48,071 shares of the technology company's stock valued at $14,170,000 after buying an additional 14,172 shares during the period. SCS Capital Management LLC raised its position in International Business Machines by 141.8% during the 2nd quarter. SCS Capital Management LLC now owns 25,912 shares of the technology company's stock worth $7,638,000 after buying an additional 15,197 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of International Business Machines by 3.8% in the 2nd quarter. Brown Advisory Inc. now owns 276,343 shares of the technology company's stock worth $81,460,000 after acquiring an additional 10,198 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director David N. Farr bought 1,000 shares of the firm's stock in a transaction on Friday, January 30th. The shares were bought at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares in the company, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Miebach purchased 434 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director owned 434 shares of the company's stock, valued at approximately $101,265.22. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 1,484 shares of company stock worth $417,157. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IBM. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of International Business Machines in a report on Wednesday, December 10th. Bank of America boosted their target price on International Business Machines from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. Jefferies Financial Group reissued a "buy" rating on shares of International Business Machines in a research note on Monday, February 23rd. Stifel Nicolaus lifted their price target on International Business Machines from $325.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Finally, Evercore upped their price objective on International Business Machines from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $314.60.

International Business Machines Stock Down 0.1%

IBM stock opened at $247.86 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company's 50-day moving average price is $260.22 and its 200 day moving average price is $283.85. International Business Machines Corporation has a 52 week low of $214.50 and a 52 week high of $324.90. The company has a market cap of $232.50 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.47 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion during the quarter, compared to analysts' expectations of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $3.92 earnings per share. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were issued a dividend of $1.68 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.7%. International Business Machines's payout ratio is currently 60.27%.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM announced a strategic collaboration with Arm to develop dual‑architecture AI/data-center hardware, a move investors see as expanding IBM’s addressable market for enterprise AI infrastructure and improving competitive positioning. IBM Shares Rise 2% After Announcing Strategic Partnership With Arm
• Positive Sentiment: IBM struck a long-term R&D deal with ETH Zurich (10 years) to combine AI and quantum algorithm development — strengthens IBM’s pipeline in quantum-enabled AI capabilities that could drive premium services and long-term differentiation. IBM Partners with ETH Zurich on 10-Year AI and Quantum Computing Initiative
• Positive Sentiment: Coverage highlighting IBM’s progress in quantum (processors >1,000 qubits) reinforces the narrative that IBM is a leader in nascent, high-value technologies investors are watching for multi-year growth. My Top Quantum ETFs For The Next Trend That's Bigger Than AI
• Neutral Sentiment: IBM continues customer/brand initiatives — a new campus Cyber Defense Range with Full Sail University and an experiential “Masters at Madison Square Park” event — improving visibility but with limited near-term revenue impact. Full Sail University to Open IBM Cyber Defense Range Powered by AWS and Cloud Range on Campus
• Neutral Sentiment: Third-party product/partner news (e.g., CrowdStrike integrations) signal ecosystem traction but are incremental to IBM’s direct revenue growth story. CrowdStrike Partnerships And AI Products Deepen Falcon Platform Consolidation Story
• Negative Sentiment: Despite positive strategic headlines, analysts and articles are flagging recent share-price weakness and mixed valuation metrics (YTD underperformance vs. multi-year gains), which can prompt profit-taking and damp near-term upside. Is It Time To Reassess IBM (IBM) After Recent Share Price Weakness?

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

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.