International Business Machines Corporation $IBM Stock Holdings Reduced by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management cut its IBM position by 92.5% in the second quarter, selling 169,583 shares and retaining 13,758 shares worth approximately $3.7 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM shares opened at $228.53, well below their 12-month high of $332.46. The company met quarterly EPS expectations at $2.93 but revenue of $17.16 billion came in below estimates, while analysts maintain a “Moderate Buy” consensus and an average target price of $265.40.
• IBM’s AI, cloud and consulting growth prospects remain potential catalysts, supported by expanded distribution and government demand, but concerns include a weak mainframe quarter and a securities-fraud investigation related to a reported Z mainframe slowdown and stock decline.

OFI Invest Asset Management cut its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 92.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,758 shares of the technology company's stock after selling 169,583 shares during the period. OFI Invest Asset Management's holdings in International Business Machines were worth $3,719,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new stake in International Business Machines in the first quarter worth approximately $26,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines during the 4th quarter worth $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $28,000. Finally, SWAN Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at $28,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines News Roundup

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

• Positive Sentiment: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

International Business Machines Price Performance

Shares of IBM stock opened at $228.53 on Tuesday. 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 capitalization of $215.31 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.30 and a beta of 0.70. The stock has a 50 day moving average of $250.33 and a two-hundred day moving average of $252.43. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. As a group, equities analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 10th. International Business Machines's dividend payout ratio is currently 59.98%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Morgan Stanley reduced their target price on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd. Bank of America lifted their price target on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, July 6th. KeyCorp lowered shares of International Business Machines to a "sector weight" rating in a research note on Tuesday, June 23rd. Finally, Barclays cut their target price on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $265.40.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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