International Business Machines Corporation $IBM Stock: AlphaCore Capital LLC Grows Holdings

Key Points

• AlphaCore Capital increased its IBM stake by 22.8% in the third quarter, adding 6,020 shares to reach 32,382 shares valued at about $7.1 million.
• IBM reported quarterly earnings of $2.95 per share, ahead of the $2.85 consensus estimate, while revenue rose 4.7% year over year to $17.1 billion.
• Analyst sentiment was broadly positive: IBM had a “Moderate Buy” consensus rating and an average price target of $266.88, though some firms recently lowered their targets or rating.

AlphaCore Capital LLC grew its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 22.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,382 shares of the technology company's stock after purchasing an additional 6,020 shares during the quarter. AlphaCore Capital LLC's holdings in International Business Machines were worth $7,122,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Harborfront Financial Group LLC acquired a new position in International Business Machines in the second quarter valued at approximately $27,000. Hara Capital LLC acquired a new position in International Business Machines in the second quarter valued at about $28,000. Bare Financial Services Inc raised its position 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 valued at $29,000 after acquiring an additional 55 shares during the period. Caitlin John LLC bought a new position in shares of International Business Machines during the second quarter worth $35,000. Finally, Osbon Capital Management LLC bought a new position in International Business Machines during the second quarter worth about $37,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines 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 completion of the transaction, the senior vice president owned 47,800 shares of the company's stock, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IBM. Yorkville Ives assumed coverage on shares of International Business Machines in a research note on Monday, October 5th. They issued an "outperform" rating and a $275.00 target price for the company. Bank of America cut their price objective on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Stifel Nicolaus increased their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. HSBC decreased their target price on shares of International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. Finally, Oppenheimer cut shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $266.88.

Key International Business Machines News

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

• Positive Sentiment: IBM and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

International Business Machines Trading Down 0.6%

Shares of International Business Machines stock opened at $244.59 on Wednesday. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The stock has a market cap of $231.17 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.42 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. The business's 50 day moving average is $237.19 and its 200-day moving average is $248.14.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $16.82 billion. During the same period last year, the business earned $2.65 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that International Business Machines Corporation will post 12.42 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. Shareholders of record on Tuesday, November 10th will be given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's dividend payout ratio is 57.63%.

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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