International Business Machines Corporation $IBM Stock Purchased by May Hill Capital LLC

Key Points

• May Hill Capital increased its IBM stake by 971.8% in the third quarter, adding 21,311 shares to reach 23,504 shares valued at about $5.17 million. Institutional investors collectively held 58.96% of IBM stock.
• IBM reported quarterly EPS of $2.95, beating estimates by $0.10, while revenue of $17.10 billion exceeded forecasts and rose 4.7% year over year. The company declared a quarterly dividend of $1.69 per share, equivalent to a 2.8% yield.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $266.88; shares were trading at $244.71 in the cited Friday session.

May Hill Capital LLC grew its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 971.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,504 shares of the technology company's stock after purchasing an additional 21,311 shares during the quarter. International Business Machines makes up 1.0% of May Hill Capital LLC's holdings, making the stock its 20th biggest position. May Hill Capital LLC's holdings in International Business Machines were worth $5,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Asset One Wealth Management LLC lifted its position in International Business Machines by 2.1% during the third quarter. Asset One Wealth Management LLC now owns 3,613 shares of the technology company's stock worth $795,000 after buying an additional 74 shares in the last quarter. International Assets Investment Management LLC grew its holdings in International Business Machines by 22.3% in the 3rd quarter. International Assets Investment Management LLC now owns 17,720 shares of the technology company's stock valued at $3,998,000 after buying an additional 3,226 shares in the last quarter. Heritage Family Offices LLP grew its holdings in International Business Machines by 18.5% in the 3rd quarter. Heritage Family Offices LLP now owns 2,110 shares of the technology company's stock valued at $464,000 after buying an additional 329 shares in the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of International Business Machines in the 3rd quarter worth $208,000. Finally, Calamos Advisors LLC increased its stake in shares of International Business Machines by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 115,559 shares of the technology company's stock worth $25,415,000 after acquiring an additional 2,335 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 1.0%

Shares of NYSE IBM traded down $2.40 during mid-day trading on Friday, reaching $244.71. 3,491,508 shares of the company's stock were exchanged, compared to its average volume of 5,459,637. The company's 50-day moving average is $236.76 and its 200-day moving average is $248.64. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The firm has a market capitalization of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.49 and a beta of 0.78. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period in the previous year, the firm earned $2.65 EPS. International Business Machines's revenue was up 4.7% on a year-over-year basis. Analysts expect that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's payout ratio is 57.63%.

More International Business Machines News

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

Insider Activity

In other 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 transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. Bank of America lowered their price target on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $300.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Morgan Stanley boosted their target price on shares of International Business Machines from $238.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, October 22nd. UBS Group increased their price target 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. Finally, Barclays raised their price target on shares of International Business Machines from $262.00 to $277.00 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.88.

About International Business Machines

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.

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