International Business Machines Corporation $IBM Stock: Jacobi Capital Management LLC Grows Stake

Key Points

• Jacobi Capital Management increased its IBM stake by 7.8% in the third quarter, to 28,787 shares valued at about $6.33 million. Institutional investors collectively own 58.96% of IBM stock.
• IBM beat quarterly expectations, reporting EPS of $2.95 versus the $2.85 consensus and revenue of $17.10 billion versus $16.82 billion; revenue grew 4.7% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $266.88.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to $6.76 annually and a 2.7% yield. The company also announced an industry-focused AI-agent platform with Microsoft.

Jacobi Capital Management LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,787 shares of the technology company's stock after purchasing an additional 2,074 shares during the quarter. Jacobi Capital Management LLC's holdings in International Business Machines were worth $6,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Harborfront Financial Group LLC purchased a new position in shares of International Business Machines in the second quarter worth approximately $27,000. Hara Capital LLC bought a new stake in International Business Machines during the second quarter valued at approximately $28,000. Bare Financial Services Inc grew its position in International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after buying an additional 55 shares during the period. Caitlin John LLC purchased a new stake in International Business Machines during the second quarter valued at approximately $35,000. Finally, Axiom Investment Management LLC purchased a new stake in International Business Machines during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of International Business Machines from $230.00 to $265.00 and gave the stock a "market perform" rating in a research report on Thursday, October 22nd. Truist Financial set a $260.00 price objective on shares of International Business Machines in a research report on Thursday, October 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $270.00 price objective on shares of International Business Machines in a research report on Thursday, October 22nd. Robert W. Baird upped their price objective on International Business Machines from $230.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, October 22nd. Finally, Yorkville Ives started coverage on International Business Machines in a report on Monday, October 5th. They issued an "outperform" rating and a $275.00 target price on the stock. Nineteen 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. According to data from MarketBeat, International Business Machines has a consensus rating of "Moderate Buy" and an average price target of $266.88.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

Key Headlines Impacting International Business Machines

Here are a few of the latest headlines about IBM:

• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index
• Negative Sentiment: Reports say IBM will end H-1B and green-card sponsorship for most roles in its largest unit, IBM Consulting. Requiring some employees to relocate or leave could create retention and hiring challenges, although the financial impact is unclear. Bloomberg report on IBM immigration sponsorship

International Business Machines Stock Up 1.5%

IBM stock opened at $248.27 on Thursday. The business's 50-day moving average price is $237.53 and its 200-day moving average price is $247.92. The stock has a market cap of $234.64 billion, a P/E ratio of 21.17, a PEG ratio of 2.41 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. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46.

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 (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.42 EPS for the current 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 issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines's payout ratio is currently 57.63%.

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.

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