NewSquare Capital LLC Has $14.10 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• NewSquare Capital increased its IBM position by 6% in the second quarter, holding 50,136 shares valued at approximately $14.1 million. Institutional investors and hedge funds collectively own 58.96% of IBM.
• IBM reported quarterly adjusted earnings of $2.93 per share, in line with estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of the $17.46 billion consensus forecast.
• IBM declared a quarterly dividend of $1.69, equivalent to a 2.9% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $265.40, despite differing individual targets.

NewSquare Capital LLC boosted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,136 shares of the technology company's stock after acquiring an additional 2,818 shares during the quarter. International Business Machines accounts for 1.0% of NewSquare Capital LLC's holdings, making the stock its 18th largest holding. NewSquare Capital LLC's holdings in International Business Machines were worth $14,099,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of International Business Machines in the 4th quarter valued at $2,446,429,000. Capital World Investors raised its holdings in shares of International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company's stock worth $6,523,720,000 after buying an additional 4,976,756 shares in the last quarter. Ascentis Wealth Management LLC lifted its position in shares of International Business Machines by 27,169.6% during the 2nd quarter. Ascentis Wealth Management LLC now owns 3,224,635 shares of the technology company's stock worth $906,800,000 after buying an additional 3,212,810 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of International Business Machines by 83.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company's stock worth $1,663,847,000 after buying an additional 2,553,552 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in International Business Machines by 359.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company's stock valued at $561,814,000 after buying an additional 1,484,026 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Down 1.7%

Shares of IBM stock opened at $230.15 on Thursday. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The stock's fifty day simple moving average is $245.07 and its 200 day simple moving average is $249.17. 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 firm has a market capitalization of $216.83 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results 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 return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the company earned $2.80 earnings per share. The business's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.33 EPS 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. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. 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 is currently 59.98%.

Analysts Set New Price Targets

IBM has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $270.00 target price on shares of International Business Machines in a research report on Tuesday, July 21st. The Goldman Sachs Group set a $270.00 target price on shares of International Business Machines in a report on Thursday, July 23rd. Morgan Stanley reduced their price target on shares of International Business Machines from $293.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 23rd. Barclays lowered their price objective on shares of International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a research report on Thursday, July 23rd. Finally, Bank of America increased their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

Key International Business Machines News

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

• Positive Sentiment: IBM completed its acquisition of HRL Laboratories, adding expertise in quantum computing, quantum sensing, advanced communications, materials science and electronics. The deal could strengthen IBM’s long-term quantum and advanced-technology pipeline. IBM Completes Acquisition of HRL Laboratories to Accelerate the Future of Quantum
• Positive Sentiment: The company’s new dual-architecture mainframe processor, developed with Arm Holdings, can execute IBM and Arm instructions natively on the same chip. The technology could broaden IBM Z and LinuxONE’s software ecosystem, support Arm-native applications and improve IBM’s positioning in enterprise AI and infrastructure. What Could IBM Gain From Its First Dual Architecture Mainframe Processor?
• Positive Sentiment: Commentator Jim Cramer said IBM is performing better than its reputation suggests and that the stock deserves more credit. The remarks may support sentiment, although they do not materially change IBM’s fundamentals. Jim Cramer Says IBM Is a Hated Stock That Deserves Better
• Neutral Sentiment: IBM’s quantum milestone involved connecting and cooling two cryogenic modules, while broader industry spending on post-quantum cybersecurity could create future opportunities for IBM. However, these benefits remain longer-term and are difficult to translate into immediate revenue. Quantum Computing Is Raising the Stakes for Cybersecurity
• Negative Sentiment: BTIG reportedly cautioned that the quantum achievement does not yet demonstrate a commercially scalable system, tempering investor enthusiasm and contributing to pressure on IBM’s shares. IBM Stock Falls as BTIG Pours Cold Water on Quantum Computing Milestone
• Negative Sentiment: Recent earnings showed revenue of $17.16 billion, below the $17.46 billion consensus estimate, despite in-line adjusted earnings. Reports also highlighted weak mainframe sales, reinforcing concerns that IBM’s growth and new product benefits may take time to emerge.
• Negative Sentiment: A securities law firm announced an investigation related to IBM’s stock decline. Such notices are often investor-solicitation efforts and do not establish wrongdoing, but they can add near-term headline risk. IBM Securities Notice

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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