International Business Machines Corporation $IBM Stock Sold by Keybank National Association OH

Key Points

• KeyBank cut its IBM stake by 1.8% in the third quarter, selling 4,255 shares; it held 231,195 shares worth about $50.8 million at quarter-end.
• IBM beat quarterly earnings and revenue estimates, reporting $2.95 per share and $17.1 billion in revenue; revenue rose 4.7% year over year.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to a 2.8% annualized yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $266.88.

Keybank National Association OH lowered its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 231,195 shares of the technology company's stock after selling 4,255 shares during the quarter. Keybank National Association OH's holdings in International Business Machines were worth $50,847,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Harborfront Financial Group LLC purchased a new position in shares of International Business Machines in the second quarter worth $27,000. Hara Capital LLC bought a new stake in International Business Machines during the 2nd quarter valued at $28,000. Bare Financial Services Inc raised its holdings 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 valued at $29,000 after buying an additional 55 shares during the last quarter. Caitlin John LLC bought a new stake in International Business Machines during the 2nd quarter valued at $35,000. Finally, Osbon Capital Management LLC purchased a new stake in International Business Machines during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 0.6%

NYSE:IBM opened at $244.59 on Wednesday. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. 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 company's 50-day simple moving average is $237.19 and its 200 day simple moving average is $248.14. The firm has a market capitalization of $231.17 billion, a P/E ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.78.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating 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 business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. During the same quarter last year, the firm earned $2.65 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that International Business Machines Corporation will post 12.42 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 given 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 currently 57.63%.

International Business Machines News Summary

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

• Positive Sentiment: IBM and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IBM has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on International Business Machines from $270.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. Craig Hallum began coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They set a "buy" rating on the stock. Citigroup upped their price objective on shares of International Business Machines from $245.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. BMO Capital Markets raised their target price 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. Finally, Oppenheimer cut shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $266.88.

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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