International Business Machines Corporation $IBM Stock Sold by Elevated Capital Advisors LLC

Key Points

• Elevated Capital Advisors cut its IBM stake by 86.5% in the third quarter, selling 2,655 shares and retaining 416 shares valued at about $92,000.
• IBM’s latest quarterly results topped expectations: adjusted earnings were $2.95 per share versus $2.85 expected, while revenue rose 4.7% year over year to $17.10 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $266.88. IBM also declared a quarterly dividend of $1.69 per share, equivalent to a 2.7% annualized yield.

Elevated Capital Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 86.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 416 shares of the technology company's stock after selling 2,655 shares during the period. Elevated Capital Advisors LLC's holdings in International Business Machines were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of International Business Machines by 24.8% in the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock valued at $15,624,000 after acquiring an additional 12,791 shares in the last quarter. Flputnam Investment Management Co. purchased a new stake in shares of International Business Machines during the second quarter worth about $15,237,000. Beacon Investment Advisory Services Inc. grew its position in shares of International Business Machines by 939.4% during the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company's stock worth $8,575,000 after purchasing an additional 27,561 shares in the last quarter. St. Louis Financial Planners Asset Management LLC raised its stake in International Business Machines by 34.6% during the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company's stock valued at $4,121,000 after purchasing an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in International Business Machines by 9.0% during the 1st quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company's stock valued at $15,222,000 after purchasing an additional 5,196 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Latest International Business Machines News

Here's some of the latest news about IBM:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum 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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore reissued an "outperform" rating on shares of International Business Machines in a report on Friday, November 6th. Daiwa Securities Group cut their price objective on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Citic Securities boosted their target price on shares of International Business Machines from $294.00 to $297.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Yorkville Ives assumed coverage on shares of 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 investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus target price of $266.88.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares in the company, valued at $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 available through this link. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Price Performance

NYSE:IBM opened at $248.27 on Thursday. The firm has a market capitalization of $234.64 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.41 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. The business has a 50 day simple moving average of $237.53 and a 200-day simple moving average of $247.92. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $17.10 billion during the quarter, compared to analysts' expectations of $16.82 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines's payout ratio is currently 57.63%.

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.

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