International Business Machines Corporation $IBM Stock Holdings Lifted by Alta Advisers Ltd

Key Points

• Alta Advisers increased its IBM stake by 88.6% in the third quarter, ending with 6,779 shares valued at about $1.49 million. Institutional investors collectively own 58.96% of IBM shares.
• IBM beat quarterly earnings and revenue expectations, reporting EPS of $2.95 and revenue of $17.10 billion; revenue rose 4.7% year over year. The company also declared a quarterly dividend of $1.69 per share, a 2.7% yield at the cited share price.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $266.12. Recent coverage also flags AI-related disruption, margin pressure and competition as risks.

Alta Advisers Ltd lifted its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 88.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,779 shares of the technology company's stock after buying an additional 3,184 shares during the quarter. Alta Advisers Ltd's holdings in International Business Machines were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBM. Westside Investment Management Inc. boosted its holdings in shares of International Business Machines by 11.6% during the third quarter. Westside Investment Management Inc. now owns 1,247 shares of the technology company's stock worth $275,000 after purchasing an additional 130 shares during the last quarter. Legacy Financial Independent Advisors LLC increased its stake in International Business Machines by 1.7% in the third quarter. Legacy Financial Independent Advisors LLC now owns 5,796 shares of the technology company's stock valued at $1,275,000 after purchasing an additional 95 shares during the last quarter. Kestra Advisory Services LLC increased its stake in International Business Machines by 7.2% in the third quarter. Kestra Advisory Services LLC now owns 236,758 shares of the technology company's stock valued at $52,070,000 after purchasing an additional 15,867 shares during the last quarter. Claro Advisors Inc. lifted its position in International Business Machines by 24.4% during the third quarter. Claro Advisors Inc. now owns 6,942 shares of the technology company's stock worth $1,527,000 after buying an additional 1,362 shares during the period. Finally, REAP Financial Group LLC lifted its position in International Business Machines by 19.7% during the third quarter. REAP Financial Group LLC now owns 1,027 shares of the technology company's stock worth $226,000 after buying an additional 169 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $247.40 on Friday. The business's fifty day moving average price is $236.64 and its 200 day moving average price is $248.88. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $233.82 billion, a P/E ratio of 21.09, a PEG ratio of 2.50 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 EPS. As a group, research analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current 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 dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's dividend payout ratio is 57.63%.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on 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 completion of the sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IBM. Royal Bank Of Canada reissued an "outperform" rating and issued a $270.00 price target on shares of International Business Machines in a research note on Thursday, October 22nd. UBS Group upped their price objective on shares of International Business Machines from $236.00 to $243.00 and gave the company a "neutral" rating in a research note on Thursday, October 22nd. Robert W. Baird increased their price objective on shares of International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, October 22nd. Susquehanna raised their target price on shares of International Business Machines from $235.00 to $256.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. Finally, Argus lowered their target price on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, July 16th. 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, the company has an average rating of "Moderate Buy" and an average price target of $266.12.

More International Business Machines News

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

• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform to coordinate quantum and high-performance computing for quantum error correction. The effort supports a U.S. Department of Energy goal of advancing toward a scientifically relevant quantum computer by 2028, though commercial benefits are likely longer term. Reuters article
• Positive Sentiment: A report projects the global BFSI digital-transformation market will grow to $220.2 billion by 2030 and identifies IBM among companies competing to provide AI, cloud and automation solutions. This points to a sizable potential market, not guaranteed IBM revenue. Yahoo Finance article
• Neutral Sentiment: IBM CEO Arvind Krishna argued that rationing AI use risks losing ground, while noting that running AI can cost more than training it. The comments underscore the opportunity in inference workloads alongside the cost challenge of serving them. Fortune article
• Negative Sentiment: Recent analysis cites AI-disruption fears, margin pressure and stiff competition as concerns weighing on IBM, despite hybrid-cloud demand and improved earnings estimates. These risks may help explain investor caution. Yahoo Finance article

International Business Machines Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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