International Business Machines Corporation $IBM Stock Position Trimmed by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel cut its IBM position by 10.1% in the second quarter, selling 3,527 shares and retaining 31,313 shares worth approximately $8.8 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM’s senior vice president Robert David Thomas sold 25,000 shares for about $5.76 million, reducing his direct ownership by 34.34%. Corporate insiders now own just 0.27% of the company.
• IBM reported quarterly revenue of $17.16 billion, below the $17.46 billion analyst estimate, while EPS matched expectations at $2.93. Analysts maintain a “Moderate Buy” consensus with a $265.40 target price, and IBM announced a quarterly dividend of $1.69 per share.

Carnegie Investment Counsel trimmed its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,313 shares of the technology company's stock after selling 3,527 shares during the period. Carnegie Investment Counsel's holdings in International Business Machines were worth $8,805,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $28,000. SWAN Capital LLC bought a new stake in International Business Machines during the 3rd quarter valued at $28,000. Bare Financial Services Inc boosted its position in International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after acquiring an additional 55 shares during the period. Finally, Portus Wealth Advisors LLC acquired a new position in International Business Machines during the 1st quarter worth $26,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Insider Buying and Selling

In related news, SVP Robert David Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the sale, the senior vice president directly owned 47,800 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of research analyst reports. Piper Sandler raised International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Needham & Company LLC assumed coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They issued a "buy" rating for the company. Roth Capital reiterated a "buy" rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Craig Hallum began coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They set a "buy" rating on the stock. Finally, KeyCorp downgraded shares of International Business Machines to a "sector weight" rating in a research report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $265.40.

International Business Machines Price Performance

NYSE:IBM opened at $235.78 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The business's 50-day moving average price is $244.57 and its 200 day moving average price is $248.65. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The firm has a market cap of $222.14 billion, a P/E ratio of 20.92, a PEG ratio of 2.31 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts' consensus estimates of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period in the prior year, the company earned $2.80 EPS. International Business Machines's revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's payout ratio is presently 59.98%.

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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