International Business Machines Corporation $IBM Stock Holdings Decreased by Uhlmann Price Securities LLC

Key Points

• Uhlmann Price Securities cut its IBM stake by 32.2% in the third quarter, selling 3,260 shares and ending the period with 6,855 shares valued at about $1.51 million.
• IBM beat quarterly estimates, reporting adjusted earnings of $2.95 per share versus $2.85 expected and revenue of $17.10 billion versus $16.82 billion; revenue rose 4.7% year over year.
• IBM is expanding its quantum-computing efforts through a new system at the University of Chicago and a collaboration with AMD and Oak Ridge National Laboratory. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $266.88.

Uhlmann Price Securities LLC decreased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,855 shares of the technology company's stock after selling 3,260 shares during the period. Uhlmann Price Securities LLC's holdings in International Business Machines were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in shares of International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after purchasing an additional 12,791 shares during the last quarter. Flputnam Investment Management Co. bought a new position in shares of International Business Machines during the 2nd quarter valued at $15,237,000. Beacon Investment Advisory Services Inc. lifted its stake in shares of International Business Machines by 939.4% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company's stock valued at $8,575,000 after purchasing an additional 27,561 shares during the last quarter. St. Louis Financial Planners Asset Management LLC lifted its stake in shares of International Business Machines by 34.6% in the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company's stock valued at $4,121,000 after purchasing an additional 3,659 shares during the last quarter. Finally, Evercore Wealth Management LLC lifted its stake in shares of International Business Machines by 9.0% in the 1st quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company's stock valued at $15,222,000 after purchasing an additional 5,196 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company's stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $244.71 on Friday. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a market cap of $231.28 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.41 and a beta of 0.78. The business's 50 day moving average is $236.76 and its two-hundred day moving average is $248.64. 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 (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. International Business Machines's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.65 earnings per share. On average, equities analysts expect that International Business Machines Corporation will post 12.41 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines's dividend payout ratio (DPR) is currently 57.63%.

Key Stories Impacting 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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. Craig Hallum initiated coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a "buy" rating on the stock. HSBC cut their target price on International Business Machines from $175.00 to $174.00 in a report on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $250.00 to $269.00 and gave the stock an "overweight" rating in a research report on Thursday, October 22nd. Oppenheimer downgraded International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Finally, BMO Capital Markets boosted their target price on International Business Machines from $230.00 to $265.00 and gave the stock a "market perform" rating in a report on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and an average price target of $266.88.

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.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.