Security National Bank Has $8.47 Million Stake in International Business Machines Corporation $IBM

Key Points

• Security National Bank increased its IBM stake by 25.8% in the second quarter, owning 30,105 shares valued at approximately $8.47 million. Institutional investors collectively hold 58.96% of IBM’s stock.
• IBM is pursuing major enterprise-AI initiatives, including partnerships with OpenAI and Together AI, but investors remain concerned about execution, revenue conversion and near-term growth; the stock opened at $234.79, below its 50- and 200-day moving averages.
• Analysts maintain a consensus “Moderate Buy” rating with a $265.40 price target, while IBM reported quarterly EPS in line with estimates at $2.93 and declared a $1.69 quarterly dividend, representing a 2.9% annualized yield.

Security National Bank grew its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 30,105 shares of the technology company's stock after buying an additional 6,173 shares during the period. Security National Bank's holdings in International Business Machines were worth $8,466,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Basepoint Wealth LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the fourth quarter worth $28,000. Cornerstone Financial Management LLC acquired a new stake in International Business Machines during the fourth quarter worth $28,000. SWAN Capital LLC bought a new stake in International Business Machines in the 3rd quarter valued at $28,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in International Business Machines in the 4th quarter valued at $31,000. Institutional investors own 58.96% of the company's stock.

International Business Machines News Roundup

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Argus reduced their price objective on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 17th. Susquehanna cut their price target on shares of International Business Machines from $303.00 to $225.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. HSBC set a $175.00 price objective on International Business Machines and gave the company a "reduce" rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $270.00 target price on International Business Machines in a report on Thursday, July 23rd. Fifteen investment 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. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus price target of $265.40.

International Business Machines Stock Down 1.0%

IBM opened at $234.79 on Friday. The firm has a market cap of $221.20 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.30 and a beta of 0.70. 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 firm's 50-day simple moving average is $251.38 and its 200-day simple moving average is $253.20. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46.

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

International Business Machines Dividend Announcement

The company also recently announced 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 is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines's payout ratio 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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