International Business Machines Corporation $IBM Shares Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its IBM stake by 17.3% in the third quarter, selling 3,762 shares; it retained 17,980 shares valued at about $3.95 million.
• Institutional investors made mixed moves in IBM, and collectively owned 58.96% of the company’s stock at the reporting period’s end.
• IBM beat quarterly earnings and revenue estimates, while analysts’ consensus rating was “Moderate Buy” with an average price target of $266.88. Recent quantum-computing initiatives also featured among the company’s positive news.

Alps Advisors Inc. trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,980 shares of the technology company's stock after selling 3,762 shares during the quarter. Alps Advisors Inc.'s holdings in International Business Machines were worth $3,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset One Wealth Management LLC raised its stake in International Business Machines by 2.1% in the third quarter. Asset One Wealth Management LLC now owns 3,613 shares of the technology company's stock worth $795,000 after buying an additional 74 shares in the last quarter. International Assets Investment Management LLC boosted its position in International Business Machines by 22.3% during the third quarter. International Assets Investment Management LLC now owns 17,720 shares of the technology company's stock valued at $3,998,000 after purchasing an additional 3,226 shares in the last quarter. Heritage Family Offices LLP boosted its position in International Business Machines by 18.5% during the third quarter. Heritage Family Offices LLP now owns 2,110 shares of the technology company's stock valued at $464,000 after purchasing an additional 329 shares in the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new position in International Business Machines in the third quarter valued at about $208,000. Finally, Calamos Advisors LLC grew its stake in International Business Machines by 2.1% in the third quarter. Calamos Advisors LLC now owns 115,559 shares of the technology company's stock valued at $25,415,000 after purchasing an additional 2,335 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines News Roundup

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.' Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

Wall Street Analysts Forecast Growth

IBM has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of International Business Machines from $230.00 to $265.00 and gave the stock a "market perform" rating in a report on Thursday, October 22nd. Wall Street Zen upgraded International Business Machines from a "sell" rating to a "hold" rating in a report on Saturday, October 24th. Citic Securities increased their price objective on International Business Machines from $294.00 to $297.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings cut International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 29th. Finally, UBS Group boosted their target price on International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $266.88.

Insider Transactions at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction on 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 sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

International Business Machines Stock Performance

IBM opened at $244.71 on Monday. The firm's fifty day simple moving average is $236.76 and its two-hundred day simple moving average is $248.64. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a market cap of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.41 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, beating the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.65 EPS. Equities analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

International Business Machines Company 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.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.

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