International Business Machines Corporation $IBM Stock: Brighton Jones LLC Raises Holdings

Key Points

• Brighton Jones increased its IBM stake by 8.6% in the third quarter, to 30,123 shares valued at about $6.6 million. Other institutional investors also added shares, and institutions and hedge funds own 58.96% of IBM stock.
• IBM reported quarterly earnings of $2.95 per share, beating estimates of $2.85, while revenue rose 4.7% year over year to $17.1 billion. The company declared a $1.69 quarterly dividend, equivalent to an annualized yield of about 2.8%.
• Analyst opinions were mixed, but the consensus rating was Moderate Buy, with an average price target of $266.88. Nineteen analysts rated the stock Buy, 13 Hold, and two Sell.

Brighton Jones LLC lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,123 shares of the technology company's stock after purchasing an additional 2,384 shares during the quarter. Brighton Jones LLC's holdings in International Business Machines were worth $6,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in IBM. Candriam S.C.A. raised its stake in shares of International Business Machines by 2.0% during the 3rd quarter. Candriam S.C.A. now owns 90,128 shares of the technology company's stock worth $19,894,000 after purchasing an additional 1,741 shares in the last quarter. Kimelman & Baird LLC lifted its holdings in shares of International Business Machines by 1.9% during the 3rd quarter. Kimelman & Baird LLC now owns 110,171 shares of the technology company's stock valued at $24,230,000 after buying an additional 2,075 shares during the last quarter. Rayburn West Financial Services LLC lifted its holdings in shares of International Business Machines by 6.7% during the 3rd quarter. Rayburn West Financial Services LLC now owns 28,067 shares of the technology company's stock valued at $6,173,000 after buying an additional 1,760 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of International Business Machines by 3.5% in the 3rd quarter. 180 Wealth Advisors LLC now owns 16,006 shares of the technology company's stock valued at $3,520,000 after buying an additional 547 shares in the last quarter. Finally, StoneX Group Inc. grew its stake in shares of International Business Machines by 113.3% in the 3rd quarter. StoneX Group Inc. now owns 11,390 shares of the technology company's stock valued at $2,527,000 after buying an additional 6,050 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Daiwa Securities Group cut their price objective on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Yorkville Ives started coverage on shares of International Business Machines in a research report on Monday, October 5th. They issued an "outperform" rating and a $275.00 target price for the company. UBS Group boosted their target price 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. Bank of America dropped their price target on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $266.88.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the business'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 completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $244.71 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. The firm has a market cap of $231.28 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.41 and a beta of 0.78. The business's 50-day simple moving average is $236.76 and its 200-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.

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

International Business Machines Dividend Announcement

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

Trending Headlines about International Business Machines

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

International Business Machines 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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