Prime Capital Investment Advisors LLC Buys 6,395 Shares of International Business Machines Corporation $IBM

Key Points

• Prime Capital Investment Advisors increased its IBM stake by 17.5% in the third quarter, buying 6,395 shares to own 42,958 shares valued at approximately $9.45 million.
• Institutional investors collectively own 58.96% of IBM, with several firms increasing their positions during the year, indicating continued institutional interest.
• IBM reported quarterly EPS of $2.93, matching expectations, while revenue of $17.16 billion fell short of estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $255.76, though an IBM senior vice president recently sold 25,000 shares.

Prime Capital Investment Advisors LLC increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,958 shares of the technology company's stock after buying an additional 6,395 shares during the period. Prime Capital Investment Advisors LLC's holdings in International Business Machines were worth $9,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after purchasing an additional 12,791 shares during the last quarter. Flputnam Investment Management Co. bought a new position in International Business Machines during the second quarter valued at approximately $15,237,000. Beacon Investment Advisory Services Inc. boosted its stake in shares of International Business Machines by 939.4% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company's stock worth $8,575,000 after buying an additional 27,561 shares during the last quarter. St. Louis Financial Planners Asset Management LLC boosted its position in International Business Machines by 34.6% in the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company's stock worth $4,121,000 after purchasing an additional 3,659 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its holdings in shares of International Business Machines by 9.0% in the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company's stock worth $15,222,000 after buying an additional 5,196 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

International Business Machines stock opened at $242.21 on Wednesday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The stock has a market cap of $228.19 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The firm has a 50-day moving average of $232.07 and a two-hundred day moving average of $243.58. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. International Business Machines's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $2.80 EPS. On average, research analysts forecast that International Business Machines Corporation will post 12.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. The Goldman Sachs Group set a $270.00 target price on International Business Machines and gave the company a "buy" rating in a research report on Thursday, July 23rd. Bank of America dropped their target price on shares of International Business Machines from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, July 15th. Stifel Nicolaus dropped their price target on International Business Machines from $290.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Daiwa Securities Group dropped their price objective on shares of International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Finally, Yorkville Ives initiated coverage on International Business Machines in a report on Monday, October 5th. They issued an "outperform" rating and a $275.00 target price for the company. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $255.76.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Enterprise AI momentum: IBM Ventures invested in Leena AI, whose software automates HR, IT and finance processes through autonomous AI agents. The investment supports IBM’s broader effort to capture enterprise spending as customers move from AI assistants to end-to-end workflow automation. IBM Ventures Invests in Leena AI
• Positive Sentiment: Open-source AI infrastructure: IBM and partners including Red Hat, Google Cloud, CoreWeave and NVIDIA introduced llm-d 1.0, a production-focused platform designed to make large-language-model inference more scalable and cost efficient. The project could strengthen IBM’s position in hybrid cloud and enterprise AI deployments. llm-d 1.0 Advances Open, Cost-Efficient AI Inference
• Positive Sentiment: Software and cybersecurity support: Analysts point to IBM’s software division—particularly hybrid cloud, automation and Red Hat—as the company’s key growth and profit engine. IBM’s Logiq Consulting acquisition also expands its cybersecurity reach in the U.K. defense and regulated markets. IBM's Logiq Consulting Acquisition
• Neutral Sentiment: Earnings are the immediate catalyst: Options markets imply a potentially large post-earnings move, while investors want evidence that delayed deals closed, software growth accelerated and management’s full-year outlook remains achievable. IBM Q3 Earnings Options Move
• Negative Sentiment: Execution concerns remain: IBM’s previous quarter missed revenue expectations, and software growth was reportedly driven largely by acquisitions while organic software revenue was flat. A weak outlook or continued deal deferrals could reverse the current optimism. IBM Reports October 21

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by insiders.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.