International Business Machines Corporation $IBM Stock Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors reduced its IBM stake by 4.9% in the third quarter, selling 16,056 shares and retaining 314,143 shares valued at approximately $69.1 million. Institutional investors collectively own 58.96% of IBM.
• Analysts maintain a generally positive outlook, with 19 Buy, 12 Hold and 2 Sell ratings, resulting in a “Moderate Buy” consensus and an average price target of $252.96. However, several firms recently lowered their targets, citing valuation and performance concerns.
• IBM reported quarterly earnings of $2.93 per share, matching estimates, while revenue of $17.16 billion fell short of expectations but increased 1.1% year over year. The company also pays a quarterly dividend of $1.69, equivalent to a 3.0% annualized yield.

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,143 shares of the technology company's stock after selling 16,056 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in International Business Machines were worth $69,089,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Friday Financial increased its stake in shares of International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company's stock valued at $583,000 after purchasing an additional 35 shares during the period. Trinity Wealth Management LLC raised its position in International Business Machines by 2.3% in the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company's stock worth $477,000 after acquiring an additional 38 shares in the last quarter. Pettinga Financial Advisors LLC lifted its holdings in International Business Machines by 3.6% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company's stock valued at $307,000 after acquiring an additional 38 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in International Business Machines by 4.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company's stock valued at $261,000 after acquiring an additional 41 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its holdings in International Business Machines by 2.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,598 shares of the technology company's stock valued at $387,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on IBM shares. 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. Oppenheimer cut shares of International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Jefferies Financial Group decreased their price target on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating on the stock in a research report on Tuesday, July 21st. Argus decreased their price target on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. Finally, Bank of America dropped their price target on International Business Machines from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.96.

More International Business Machines News

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

• Positive Sentiment: Siemens nanostack collaboration: Siemens will contribute electronic design automation, process simulation and manufacturing expertise to help IBM develop its angstrom-scale nanostack transistor architecture. The partnership could strengthen IBM’s long-term semiconductor innovation and commercialization prospects. IBM and Siemens Collaborate on Research to Advance Nanostack Architecture
• Positive Sentiment: RBC maintains bullish view: Royal Bank of Canada reaffirmed its “Outperform” rating and assigned a $270 price target, implying meaningful upside from recent levels. This offers a positive counterpoint to IBM’s recent underperformance. IBM Stock Rating Reaffirmed as Outperform by Royal Bank Of Canada
• Neutral Sentiment: AI governance research: IBM reported that 80% of surveyed EMEA executives had escalated an AI-related incident to their board or C-suite, while only 37% said their governance systems were designed to scale with autonomous AI agents. The findings highlight strong potential demand for IBM’s AI governance and security services, but also underscore growing implementation and reputational risks. IBM Study on AI Incidents and Governance
• Negative Sentiment: Earnings test approaching: Analysts expect growth in IBM’s next report, but commentary points to competition, margin pressure and a premium valuation as obstacles to a significant earnings beat. Investors will be watching AI, hybrid-cloud demand and guidance closely. IBM Stock Before Q3 Earnings Release
• Negative Sentiment: Cash-flow quality questioned: IBM’s first-half operating cash flow rose to $7.77 billion, but nearly all of the improvement came from changes in financing receivables. Investors may remain cautious until software and consulting generate more sustainable operating-cash growth. IBM Customer Financing and Cash Recovery

International Business Machines Price Performance

IBM stock opened at $228.40 on Thursday. 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 Corporation has a one year low of $199.19 and a one year high of $332.46. The firm has a market capitalization of $215.18 billion, a PE ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.73. The firm has a 50-day moving average of $232.07 and a two-hundred day moving average of $243.68.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company posted $2.80 earnings per share. On average, analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $1.69 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

Insider Buying and Selling

In related news, SVP Robert Thomas sold 25,000 shares of the firm'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 owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company's stock.

About International Business Machines

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.