Sequoia Financial Advisors LLC Acquires 14,178 Shares of International Business Machines Corporation $IBM

Key Points

• Sequoia Financial Advisors increased its IBM stake by 6.9%, purchasing 14,178 shares to bring its holdings to 221,104 shares valued at approximately $62.2 million. Institutional investors own 58.96% of IBM.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue rose 1.1% year over year to $17.16 billion but fell short of expectations. The company also maintains a quarterly dividend of $1.69, representing a 2.8% yield.
• IBM’s stock opened at $238.27, below its 52-week high of $332.46, while analysts maintain a “Moderate Buy” consensus with an average price target of $265.16. Separately, senior vice president Robert Thomas sold 25,000 shares.

Sequoia Financial Advisors LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,104 shares of the technology company's stock after buying an additional 14,178 shares during the period. Sequoia Financial Advisors LLC's holdings in International Business Machines were worth $62,177,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company's stock worth $15,624,000 after buying an additional 12,791 shares during the period. Rice Partnership LLC bought a new stake in shares of International Business Machines in the 4th quarter valued at about $3,317,000. Sage Investment Advisers LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $4,101,000. Flputnam Investment Management Co. bought a new position in shares of International Business Machines during the second quarter worth about $15,237,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of International Business Machines during the fourth quarter worth about $10,039,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 0.3%

Shares of IBM stock opened at $238.27 on Friday. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. 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 stock has a 50 day simple moving average of $232.30 and a two-hundred day simple moving average of $246.70. The company has a market cap of $224.48 billion, a P/E ratio of 21.14, a PEG ratio of 2.26 and a beta of 0.71.

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

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines's payout ratio is 59.98%.

Insiders Place Their Bets

In other news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction dated 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 owned 47,800 shares in the company, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company's stock.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM subsidiary Anderon finalized a $1 billion CHIPS and Science Act award from the U.S. Department of Commerce to support research, development and early production at a 300-millimeter quantum wafer foundry in Albany, New York. IBM is expected to match the award with its own investment. The deal strengthens IBM’s position in quantum-computing infrastructure, although the funding is intended largely for development rather than an immediate revenue increase. Anderon CHIPS award announcement
• Positive Sentiment: Investors view the Anderon facility as a potential long-term growth opportunity because IBM could build quantum manufacturing capacity and provide infrastructure to outside customers. Reports of initial quantum-wafer production and fresh industry breakthroughs have also lifted sentiment toward IBM and quantum peers. IBM quantum infrastructure report
• Positive Sentiment: IBM announced collaborations with CUBE and Dun & Bradstreet that add regulatory intelligence and verified business data to watsonx.governance and watsonx Orchestrate. The agreements support IBM’s effort to turn AI pilots into production-grade, compliant enterprise workflows, though financial terms were not disclosed. CUBE and IBM collaboration
• Neutral Sentiment: Analysts cited in recent coverage set an average price target of approximately $265.90, implying potential upside from recent trading levels, but the target is not a guarantee and IBM remains below its 200-day moving average.
• Negative Sentiment: IBM recently experienced a sharper decline than the broader market, with coverage pointing to profit-taking, technical weakness and general market pressure despite the quantum award. The company must also commit substantial capital alongside federal funding, which could limit the near-term earnings benefit. IBM recent market decline

Wall Street Analyst Weigh In

IBM has been the topic of several analyst reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. Wedbush set a $350.00 price target on shares of International Business Machines in a report on Tuesday, June 2nd. Argus dropped their price target on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, July 16th. HSBC set a $175.00 price objective on shares of International Business Machines and gave the company a "reduce" rating in a research note on Thursday, July 16th. Finally, KeyCorp cut shares of International Business Machines to a "sector weight" rating in a research report on Tuesday, June 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $265.16.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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