International Business Machines Corporation $IBM Shares Sold by SVB Wealth LLC

Key Points

• SVB Wealth cut its IBM stake by 13.9% in the third quarter, selling 3,677 shares and retaining 22,777 shares valued at about $5.0 million. Institutional investors overall own roughly 59% of IBM shares.
• IBM beat quarterly expectations, reporting adjusted earnings of $2.95 per share and revenue of $17.1 billion; revenue rose 4.7% year over year. The company declared a quarterly dividend of $1.69 per share.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $266.88. Recent coverage includes both positive ratings and neutral or sell ratings.

SVB Wealth LLC trimmed its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,777 shares of the technology company's stock after selling 3,677 shares during the period. SVB Wealth LLC's holdings in International Business Machines were worth $5,009,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Private Advisory Group LLC acquired a new position in shares of International Business Machines in the third quarter valued at approximately $12,070,000. Legacy Trust increased its stake in shares of International Business Machines by 43.3% during the third quarter. Legacy Trust now owns 2,695 shares of the technology company's stock worth $593,000 after purchasing an additional 814 shares during the period. Ariadne Wealth Management LP increased its stake in shares of International Business Machines by 18.1% during the third quarter. Ariadne Wealth Management LP now owns 2,026 shares of the technology company's stock worth $446,000 after purchasing an additional 310 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators lifted its holdings in International Business Machines by 21.1% during the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 110,281 shares of the technology company's stock worth $24,254,000 after purchasing an additional 19,181 shares during the last quarter. Finally, Van Strum & Towne Inc. lifted its holdings in International Business Machines by 3.3% during the 3rd quarter. Van Strum & Towne Inc. now owns 31,588 shares of the technology company's stock worth $6,947,000 after purchasing an additional 1,001 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

More International Business Machines News

These are some of the IBM news items that stood out recently:

• 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
• 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

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IBM has been the topic of several recent research reports. Barclays increased their price objective on International Business Machines from $262.00 to $277.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. UBS Group lifted their target price on International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a report on Thursday, October 22nd. Truist Financial set a $260.00 target price on shares of International Business Machines in a research report on Thursday, October 22nd. Craig Hallum started coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They issued a "buy" rating on the stock. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $238.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, October 22nd. Nineteen 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. Based on data from MarketBeat.com, International Business Machines has a consensus rating of "Moderate Buy" and a consensus target price of $266.88.

International Business Machines Trading Down 1.3%

Shares of IBM opened at $244.91 on Friday. 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 52-week low of $199.19 and a 52-week high of $332.46. The firm has a market cap of $231.47 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.44 and a beta of 0.78. The business's fifty day moving average is $237.80 and its 200-day moving average is $247.66.

International Business Machines (NYSE:IBM - Get Free Report) last posted 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. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. During the same period last year, the company posted $2.65 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that International Business Machines Corporation will post 12.42 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend 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.

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