International Business Machines Corporation $IBM Shares Purchased by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 85.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,639 shares of the technology company's stock after purchasing an additional 3,064 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in International Business Machines were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IBM. Harborfront Financial Group LLC bought a new position in International Business Machines during the second quarter valued at approximately $27,000. Hara Capital LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $28,000. Bare Financial Services Inc lifted its holdings in shares of International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after acquiring an additional 55 shares during the last quarter. Caitlin John LLC bought a new stake in shares of International Business Machines in the 2nd quarter worth approximately $35,000. Finally, Axiom Investment Management LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at $36,000. 58.96% of the stock is currently owned by institutional investors.

Insider Activity

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were 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. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $300.00 target price on shares of International Business Machines in a report on Thursday, October 22nd. Morgan Stanley lifted their target price on shares of International Business Machines from $238.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 22nd. Argus lowered their price target on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, July 16th. Weiss Ratings lowered shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 29th. Finally, Robert W. Baird upped their price target on shares of International Business Machines from $230.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.88.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $244.91 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The business's 50 day simple moving average is $237.80 and its two-hundred day simple moving average is $247.66. The stock has a market capitalization of $231.47 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.44 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's dividend payout ratio (DPR) is 57.63%.

Key International Business Machines News

Here's some of the latest news about IBM:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed to perform 10,000 operations across 520 qubits, with a roadmap to exceed 1,000 qubits in 2027. IBM says partners have run more than 34 billion circuits on the current generation, reporting speedups of up to 19 times versus earlier IBM processors. The advances strengthen IBM’s long-term position in quantum computing, though broad commercial benefits are likely still developing. IBM Quantum Nighthawk announcement
• Positive Sentiment: IBM acquired cybersecurity company AuthMind, adding to its push in security. The report provides no deal terms, so the near-term financial impact is unclear. IBM acquires AuthMind
• Positive Sentiment: Partner LTM made its AI-powered quantum error-mitigation capability available through IBM’s Quantum Functions Catalog, expanding the platform’s tools and partner ecosystem. LTM quantum error mitigation announcement

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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