Reliant Investment Management LLC Has $7.69 Million Holdings in International Business Machines Corporation $IBM

Key Points

• Reliant Investment Management increased its IBM stake by 12.8% in the second quarter to 27,352 shares valued at approximately $7.69 million, making IBM its 13th-largest portfolio holding. Institutional investors collectively own 58.96% of IBM.
• IBM has a consensus “Moderate Buy” rating from analysts, with an average price target of $265.40, although individual views range from “sell” to “buy.” The stock recently opened at $234.79, well below its 52-week high of $332.46.
• 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 came in below estimates. The company also declared a quarterly dividend of $1.69 per share, representing a 2.9% annualized yield.

Reliant Investment Management LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,352 shares of the technology company's stock after acquiring an additional 3,114 shares during the period. International Business Machines accounts for about 2.7% of Reliant Investment Management LLC's portfolio, making the stock its 13th biggest position. Reliant Investment Management LLC's holdings in International Business Machines were worth $7,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock valued at $571,000 after purchasing an additional 186 shares in the last quarter. Jump Financial LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $211,000. Ieq Capital LLC boosted its holdings in shares of International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock valued at $11,383,000 after acquiring an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in shares of International Business Machines by 11.6% during the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock valued at $300,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s strategic partnership with OpenAI will embed OpenAI models and tools, including GPT-5.6, into IBM Consulting’s enterprise AI platform. IBM also plans to establish a dedicated OpenAI Practice and train thousands of consultants and engineers, potentially strengthening its position in regulated industries such as finance, government, telecommunications and retail. IBM partners with OpenAI to bolster enterprise AI push
• Positive Sentiment: IBM’s $240 million, multi-year agreement with Together AI will build an NVIDIA-powered AI inference cluster on IBM Cloud. Strong anticipated demand could support growth in IBM’s cloud infrastructure and high-performance AI workloads. Can IBM’s Together AI Cloud Deal Boost Its Growth Prospects?
• Positive Sentiment: IBM-reported research indicates that 85% of organizations planned to increase security spending by May, up from 64% during the prior period, as companies respond to frontier-AI cyber threats. This could benefit IBM’s cybersecurity, consulting and AI automation businesses. Frontier AI Threats Drive Companies to Boost Security Budgets
• Neutral Sentiment: Some coverage characterizes IBM as a relatively attractive technology investment because of its steadier earnings outlook, valuation and dividend, while other commentary highlights longer-term opportunities in quantum computing. These factors may provide support but are unlikely to resolve near-term growth concerns. AST SpaceMobile vs. IBM: Which Tech Stock is the Better Buy Now?
• Negative Sentiment: IBM’s shares have declined even after the OpenAI announcement, suggesting investors want evidence that the alliance can accelerate sales and profits. The partnership’s costs, implementation timeline and ability to convert consulting demand into recurring revenue remain key uncertainties. IBM Stock Drops Despite Major OpenAI Partnership
• Negative Sentiment: Bleichmar Fonti & Auld LLP announced an investigation into potential securities fraud following IBM’s significant stock decline. The announcement is primarily an attorney solicitation and does not establish wrongdoing, but it adds headline and litigation risk. IBM securities fraud investigation reminder

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBM. Wall Street Zen lowered shares of International Business Machines from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Royal Bank Of Canada restated an "outperform" rating and set a $270.00 price target on shares of International Business Machines in a report on Tuesday, July 21st. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a research report on Thursday, July 16th. Argus reduced their price objective on International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, July 16th. Finally, DZ Bank raised shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 price target for the company in a research report on Friday, April 24th. Fifteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Business Machines presently has a consensus rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines Price Performance

IBM stock opened at $234.79 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The business has a 50-day simple moving average of $251.38 and a two-hundred day simple moving average of $253.20. The company has a market capitalization of $221.20 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts' consensus estimates of $2.93. The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $2.80 earnings per share. Research analysts expect that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a 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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