Libra Wealth LLC Makes New $802,000 Investment in International Business Machines Corporation $IBM

Key Points

• Libra Wealth LLC initiated an $802,000 IBM position by purchasing 2,851 shares during the second quarter; IBM now represents 0.2% of its portfolio. Institutional investors and hedge funds collectively own 58.96% of IBM.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $265.90; Susquehanna recently raised its target to $235 while maintaining a neutral rating.
• IBM’s latest quarter met EPS expectations at $2.93 but missed revenue forecasts, reporting $17.16 billion versus $17.46 billion expected. The company announced a quarterly dividend of $1.69 per share, representing a 2.9% annualized yield.

Libra Wealth LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,851 shares of the technology company's stock, valued at approximately $802,000. International Business Machines makes up 0.2% of Libra Wealth LLC's investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Sivia Capital Partners LLC lifted its position in International Business Machines by 10.6% during the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock worth $571,000 after purchasing an additional 186 shares during the period. Jump Financial LLC acquired a new stake in International Business Machines during the second quarter worth about $211,000. Ieq Capital LLC increased its holdings in International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock valued at $11,383,000 after buying an additional 843 shares during the period. Finally, Vivaldi Capital Management LP increased its holdings in International Business Machines by 11.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock valued at $300,000 after buying an additional 106 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

More International Business Machines News

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

• Positive Sentiment: IBM’s acquisition of HRL Laboratories adds silicon-spin qubit, advanced materials and manufacturing expertise that could improve the company’s ability to develop scalable quantum-computing systems. The deal strengthens IBM’s technology pipeline, although commercial benefits may take years to materialize. Can IBM’s HRL Acquisition Boost Its Quantum Computing Capabilities?
• Positive Sentiment: Susquehanna analyst James Friedman raised his IBM price target to $235, citing several upcoming quantum-computing catalysts. However, his caution indicates that quantum remains an emerging opportunity rather than an immediate earnings driver. Can Quantum Computing Save IBM Stock?
• Positive Sentiment: A new market report identifies IBM as a leading enterprise blockchain and Blockchain-as-a-Service provider, highlighting its cloud-native offerings and exposure to expected blockchain-market growth. IBM Emerges As a Leading Enterprise Blockchain Provider
• Neutral Sentiment: Research reports forecast growth in biological computing, computer-based sensing, business service management, UNIX and high-throughput computing. IBM is listed among market participants, but the reports do not announce contracts, revenue changes or specific financial benefits for the company.
• Negative Sentiment: Coverage says IBM’s stock has fallen sharply after missing second-quarter revenue expectations, reinforcing investor concerns about product and top-line momentum. Quantum initiatives may not offset near-term execution concerns. IBM Stock Falls 19%: Will Quantum Computing Spark a Recovery?
• Negative Sentiment: A securities law firm announced an investigation into possible securities-law violations following IBM’s significant decline. The announcement is not a finding of wrongdoing, but it adds headline and potential litigation risk. IBM Investment Losses and Pending Securities Fraud Investigation
• Negative Sentiment: Reports of a senior executive selling approximately $5.8 million of IBM stock may weigh modestly on sentiment, though insider sales can reflect personal financial planning and are not necessarily evidence of deteriorating fundamentals. IBM SVP Sells $5.758 Million in Stock

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 25,000 shares of the business's stock in a transaction on 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. The trade was a 34.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IBM shares. Susquehanna upped their price target on shares of International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday. Wall Street Zen raised shares of International Business Machines from a "sell" rating to a "hold" rating in a research note on Saturday. Craig Hallum started coverage on International Business Machines in a research note on Wednesday, August 19th. They set a "buy" rating for the company. Needham & Company LLC began coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group set a $270.00 price target on International Business Machines in a report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $265.90.

International Business Machines Trading Down 0.8%

Shares of International Business Machines stock opened at $233.73 on Tuesday. The firm has a market capitalization of $220.20 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The firm's 50 day moving average is $244.18 and its 200 day moving average is $247.91. 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 issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $17.46 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines's dividend payout ratio (DPR) is 59.98%.

About International Business Machines

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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