Simplicity Wealth LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,704 shares of the technology company's stock, valued at approximately $8,353,000.
A number of other hedge funds have also modified their holdings of the business. Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines during the 4th quarter worth approximately $28,000. SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at approximately $28,000. Bare Financial Services Inc increased its holdings in International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in International Business Machines in the first quarter valued at approximately $26,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at International Business Machines
In related news, SVP Robert David Thomas sold 25,000 shares of the company's 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 sale, the senior vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% 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 acquisition of HRL Laboratories adds silicon-spin qubit, materials and manufacturing expertise that could improve its ability to develop scalable quantum-computing systems. Analysts cited upcoming quantum catalysts, and Susquehanna raised its price target to $235, although it maintained a cautious view. Can IBM’s HRL Acquisition Boost Its Quantum Computing Capabilities?
- Positive Sentiment: A technical analysis article said IBM remains in a longer-term uptrend and could resume advancing if shares clear resistance near $239. A breakout would signal improved buying momentum, though this is a technical rather than fundamental catalyst. Stock of the Day: Will IBM Break Out and Head Higher?
- Neutral Sentiment: New market reports identify IBM as a participant in expanding enterprise blockchain, UNIX, business service management, computer-based sensing, biological computing and high-throughput computing markets. These reports point to broad industry growth but provide limited evidence of immediate revenue or earnings impact for IBM. IBM Emerges as a Leading Enterprise Blockchain Provider
- Negative Sentiment: IBM’s reported year-to-date decline reflects concerns about AI-driven disruption to legacy services, pricing pressure and downward earnings estimates. Hybrid cloud and watsonx remain potential offsets, but investors are questioning whether growth in those businesses can compensate for weakness elsewhere. IBM Slumps 21% YTD: Time to Reassess the Stock?
- Negative Sentiment: Coverage also highlighted IBM’s revenue miss, which contributed to a sharp selloff, and noted that the stock has underperformed the S&P 500. A pending securities-fraud investigation and a senior executive’s multimillion-dollar stock sale add further overhang, although neither necessarily changes IBM’s underlying business outlook. IBM Securities Fraud Investigation
International Business Machines Stock Down 1.2%
Shares of NYSE IBM opened at $231.12 on Wednesday. The stock has a market cap of $217.75 billion, a P/E ratio of 20.51, a PEG ratio of 2.30 and a beta of 0.70. The business's fifty day simple moving average is $243.51 and its 200-day simple moving average is $247.61. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.
International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results 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 return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. During the same period in the previous year, the firm posted $2.80 EPS. International Business Machines's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.
International Business Machines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a dividend of $1.69 per share. The ex-dividend date of this dividend 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 currently 59.98%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Craig Hallum started coverage on International Business Machines in a research note on Wednesday, August 19th. They set a "buy" rating on the stock. Bank of America boosted their price objective on International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a report on Monday, July 6th. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley dropped their target price on International Business Machines from $293.00 to $190.00 and set an "equal weight" rating for the company in a research report on Thursday, July 23rd. Finally, Piper Sandler upgraded shares of International Business Machines to an "overweight" rating in a research note on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $265.90.
Read Our Latest Stock Analysis on IBM
About International Business Machines
(
Free Report)
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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