KMG Fiduciary Partners LLC Has $4.28 Million Stock Position in International Business Machines Corporation $IBM

Key Points

• KMG Fiduciary Partners cut its IBM stake by 52.7% during the second quarter, selling 16,980 shares and retaining 15,228 shares valued at approximately $4.28 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched earnings expectations at $2.93 per share, while revenue rose 1.1% year over year to $17.16 billion but fell short of estimates. The company announced a quarterly dividend of $1.69 per share, equal to a 2.9% annualized yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $265.40, although some firms recently downgraded the stock or lowered their targets.

KMG Fiduciary Partners LLC lowered its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 52.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,228 shares of the technology company's stock after selling 16,980 shares during the quarter. KMG Fiduciary Partners LLC's holdings in International Business Machines were worth $4,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of IBM. Basepoint Wealth LLC purchased a new position in shares of International Business Machines in the fourth quarter worth approximately $25,000. Family CFO Inc acquired a new position in International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management acquired a new position in International Business Machines in the 4th quarter worth approximately $28,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the 4th quarter worth approximately $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines during the 3rd quarter valued at $28,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Trading Down 0.6%

Shares of IBM stock opened at $235.76 on Tuesday. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a market cap of $222.12 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.70. 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 is $256.92 and its two-hundred day moving average is $254.55.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting 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 business had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. During the same period in the previous year, the company earned $2.80 earnings per share. International Business Machines's revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on IBM shares. Oppenheimer cut International Business Machines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. Wall Street Zen lowered International Business Machines from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. reduced their price objective on International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. Wedbush set a $350.00 price objective on International Business Machines in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group set a $270.00 target price on International Business Machines in a report on Thursday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $265.40.

More International Business Machines News

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

• Positive Sentiment: IBM’s return to Canada’s bond market after 14 years demonstrates continued access to international financing and places the company amid strong demand for “Maple” bonds from foreign issuers. The move could help diversify funding sources, although additional borrowing may also increase leverage. IBM Returns to Canada’s Bond Market After 14 Years as Other Tech Giants Rush In
• Positive Sentiment: IBM’s CEO indicated that quantum computing could begin making a measurable contribution to revenue and profit in the coming years. That outlook reinforces quantum computing as a potentially significant long-term growth opportunity, though it is unlikely to materially change near-term results. This Is When IBM's CEO Says Quantum Computing Could Start to Have a Measurable Impact on Its Bottom Line
• Neutral Sentiment: The U.S. administration’s reported $2 billion quantum-computing initiative could expand industry investment and validate IBM’s technology focus, but it also highlights an ambitious competitive race with uncertain commercialization timelines. Inside the Trump administration’s $2 billion push to build the world’s first useful quantum computer
• Negative Sentiment: IBM’s shares went ex-dividend on August 10 for a $1.69-per-share cash payment scheduled for September 10. The mechanical ex-dividend adjustment can weigh on the stock even though it does not represent a deterioration in the company’s operations. International Business Machines Corp's Dividend Analysis
• Negative Sentiment: Broadcom is expanding security capabilities in VMware Cloud Foundation, intensifying competition with IBM in enterprise infrastructure and cloud-related markets. Stronger rival offerings could pressure IBM’s growth prospects and pricing power. Broadcom Boosts VCF Security: Can it Fend Off Nutanix and IBM?
• Negative Sentiment: Erste Group Bank expressed a negative outlook on IBM’s fiscal 2026 earnings, adding to concerns about limited near-term earnings momentum. Erste Group Bank Has Negative Outlook of IBM FY2026 Earnings
• Negative Sentiment: A law firm announced a securities-fraud investigation following IBM’s major stock decline. The announcement is not proof of wrongdoing, but it may add legal and reputational overhang. IBM Securities Fraud Investigation

International Business Machines Company Profile

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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