International Business Machines Corporation $IBM Shares Sold by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp cut its IBM stake by 2.6%, selling 11,392 shares in the third quarter; it still held 421,064 shares valued at about $92.6 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $266.88; 19 rate the stock Buy, 13 Hold, and two Sell.
• IBM beat quarterly earnings and revenue estimates, reporting EPS of $2.95 and revenue of $17.10 billion. It also declared a quarterly dividend of $1.69 per share, equivalent to a 2.8% yield.

Fifth Third Bancorp reduced its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 421,064 shares of the technology company's stock after selling 11,392 shares during the quarter. Fifth Third Bancorp's holdings in International Business Machines were worth $92,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IBM. Harborfront Financial Group LLC purchased a new position in shares of International Business Machines during the 2nd quarter worth about $27,000. Hara Capital LLC purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $28,000. Bare Financial Services Inc increased its stake in International Business Machines by 114.6% during the second 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 purchased a new position in shares of International Business Machines in the 2nd quarter worth about $35,000. Finally, Osbon Capital Management LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $37,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Susquehanna set a $275.00 target price on shares of International Business Machines in a research note on Friday, November 6th. UBS Group upped their price target 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. BMO Capital Markets increased their price target on International Business Machines from $230.00 to $265.00 and gave the company a "market perform" rating in a report on Thursday, October 22nd. Citic Securities raised their price objective on International Business Machines from $294.00 to $297.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded International Business Machines from a "sell" rating to a "hold" rating in a research note on Saturday, October 24th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and an average price target of $266.88.

Top International Business Machines Stories

Investors following IBM have been watching these stories:

• 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: 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
• Neutral Sentiment: IBM’s new digital-sovereignty index found widespread difficulty among enterprises in proving control over data and AI systems. This may highlight demand for IBM’s consulting and technology solutions, but also underscores customer risks as AI adoption and regulation grow. IBM Digital Sovereignty Index

International Business Machines Price Performance

Shares of NYSE IBM opened at $244.91 on Friday. 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 Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The business has a 50 day moving average price of $237.80 and a two-hundred day moving average price of $247.66. The firm has a market cap of $231.47 billion, a PE 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 announced its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) 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 return on equity of 34.37% and a net margin of 15.99%. International Business Machines's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.65 EPS. Sell-side analysts expect that International Business Machines Corporation will post 12.42 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business 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. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines's payout ratio is 57.63%.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the company'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 of the company's stock, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

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.

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