International Business Machines Corporation $IBM Stock: Allworth Financial LP Raises Holdings

Key Points

• Allworth Financial LP increased its IBM stake by 13.1% in the third quarter, adding 18,403 shares to bring its holdings to 158,549 shares, valued at about $34.9 million.
• Analyst sentiment was broadly positive: MarketBeat reported a “Moderate Buy” consensus from 34 analysts and an average price target of $266.88.
• IBM beat quarterly estimates, reporting EPS of $2.95 versus $2.85 expected and revenue of $17.10 billion, up 4.7% year over year. It also declared a quarterly dividend of $1.69 per share.

Allworth Financial LP increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 13.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 158,549 shares of the technology company's stock after purchasing an additional 18,403 shares during the quarter. Allworth Financial LP's holdings in International Business Machines were worth $34,870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Harborfront Financial Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $27,000. Hara Capital LLC purchased a new position in shares of International Business Machines during the 2nd quarter worth $28,000. Bare Financial Services Inc raised its holdings in shares of International Business Machines by 114.6% during 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 period. Caitlin John LLC acquired a new position in shares of International Business Machines during the 2nd quarter valued at about $35,000. Finally, Axiom Investment Management LLC acquired a new position in shares of International Business Machines during the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna set a $275.00 price objective on shares of International Business Machines in a research report on Friday, November 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $270.00 target price on shares of International Business Machines in a research report on Thursday, October 22nd. Argus cut their target price on International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. Barclays upped their price target on International Business Machines from $262.00 to $277.00 and gave the stock an "overweight" rating in a research note on Thursday, October 22nd. Finally, Citic Securities raised their price target on International Business Machines from $294.00 to $297.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $266.88.

International Business Machines Stock Performance

Shares of IBM opened at $244.91 on Friday. The stock has a 50-day simple moving average of $237.80 and a 200-day simple moving average of $247.66. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $231.47 billion, a PE ratio of 20.16, a PEG ratio of 2.44 and a beta of 0.78. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last announced 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 net margin of 15.99% and a return on equity of 34.37%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period last year, the business earned $2.65 EPS. The company's revenue was up 4.7% on a year-over-year basis. On average, analysts predict that International Business Machines Corporation will post 12.42 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Latest 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: 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
• Negative Sentiment: IBM plans to end H-1B and green-card sponsorship for many roles in its U.S. consulting unit, reportedly its largest business. The move may reduce immigration-related costs or reflect policy constraints, but could make it harder to retain and recruit specialized workers and create disruption for affected teams. IBM to end immigration sponsorship for roles in biggest unit

About International Business Machines

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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