Novem Group Has $3.27 Million Stock Holdings in International Business Machines Corporation $IBM

Key Points

• Novem Group increased its IBM stake by 54.7% in the second quarter, holding 11,644 shares valued at approximately $3.27 million. Institutional investors collectively own 58.96% of IBM.
• IBM’s latest quarterly results matched EPS expectations at $2.93, while revenue of $17.16 billion fell short of forecasts; revenue nevertheless rose 1.1% year over year. The company declared a quarterly dividend of $1.69, representing a 2.9% annualized yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $265.40 price target, although IBM shares recently traded below their 50-day and 200-day moving averages amid mixed earnings sentiment and litigation-related headlines.

Novem Group boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 54.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,644 shares of the technology company's stock after purchasing an additional 4,117 shares during the quarter. Novem Group's holdings in International Business Machines were worth $3,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the fourth quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of International Business Machines in the first quarter worth $26,000. Joseph Group Capital Management bought a new position in International Business Machines during the fourth quarter worth $28,000. Cornerstone Financial Management LLC bought a new position in International Business Machines during the fourth quarter worth $28,000. Finally, SWAN Capital LLC acquired a new position in International Business Machines during the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Stock Down 1.6%

IBM opened at $233.40 on Friday. The company has a market capitalization of $219.89 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.33 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The firm's fifty day moving average price is $247.90 and its two-hundred day moving average price is $250.98. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 EPS. On average, analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM successfully connected and cooled two modular cryogenic systems to below 15 millikelvin, creating an architecture intended to link hundreds of quantum chips. The company says the design supports its goal of a 1,000-programmable-qubit system and the planned Quantum Starling fault-tolerant computer in 2029. IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• Positive Sentiment: The quantum announcement has generated favorable coverage and previously supported gains in IBM shares, reinforcing the company’s positioning in the emerging quantum-computing race. If IBM meets its roadmap, the technology could create a significant long-term growth opportunity beyond its traditional software, consulting and infrastructure businesses. IBM Clears Major Hardware Hurdle on the Path to Its Quantum Supercomputer
• Neutral Sentiment: IBM-related customer news highlighted continued use of IBM Maximo software for industrial safety and asset management. The award provides third-party validation for the platform, but its near-term financial impact appears limited. CEPR and Cohesive Receive Maximo Award for Power Plant Health and Safety Excellence
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations following IBM’s substantial recent decline. The announcement does not establish wrongdoing, but it adds headline and litigation risk while potentially undermining investor confidence. IBM Investor Reminder: Securities Fraud Investigation
• Negative Sentiment: Recent earnings showed revenue below analyst expectations even though EPS matched consensus, while commentary comparing IBM with Accenture questioned IBM’s relative dividend and financial appeal. With the stock below its 50-day and 200-day moving averages, investors may be demanding clearer near-term growth before assigning more value to the quantum opportunity. IBM vs. Accenture: The Better Dividend Stock May Surprise You

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wedbush set a $350.00 price target on shares of International Business Machines in a research report on Tuesday, June 2nd. HSBC set a $175.00 price objective on shares of International Business Machines and gave the company a "reduce" rating in a research report on Thursday, July 16th. Citigroup reduced their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. DZ Bank raised International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price on the stock in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on International Business Machines from $291.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 17th. 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

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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