Udine Wealth Management Inc. Buys New Shares in International Business Machines Corporation $IBM

Key Points

• Udine Wealth Management purchased 11,303 IBM shares worth approximately $3.18 million in the second quarter, making IBM 1.3% of its portfolio. Institutional investors collectively own 58.96% of the stock.
• IBM reported quarterly EPS of $2.93, matching estimates, while revenue of $17.16 billion fell short of expectations but increased 1.1% year over year. The company also announced a quarterly dividend of $1.69 per share, yielding about 2.9% annually.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $265.40, despite several recent target cuts. IBM is also advancing its technology initiatives through a dual-architecture processor, AI-powered applications and quantum-computing developments.

Udine Wealth Management Inc. purchased a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,303 shares of the technology company's stock, valued at approximately $3,179,000. International Business Machines comprises approximately 1.3% of Udine Wealth Management Inc.'s portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BridgePort Financial Solutions LLC boosted its position in International Business Machines by 1.2% during the second quarter. BridgePort Financial Solutions LLC now owns 5,064 shares of the technology company's stock worth $1,424,000 after purchasing an additional 58 shares during the period. Xcel Wealth Management LLC grew its stake in International Business Machines by 32.2% in the 2nd quarter. Xcel Wealth Management LLC now owns 3,437 shares of the technology company's stock valued at $967,000 after buying an additional 838 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in International Business Machines by 7.1% in the 2nd quarter. Townsend Asset Management Corp NC ADV now owns 2,397 shares of the technology company's stock valued at $674,000 after purchasing an additional 158 shares during the period. Bogart Wealth LLC increased its position in International Business Machines by 5.3% during the second quarter. Bogart Wealth LLC now owns 75,695 shares of the technology company's stock worth $21,286,000 after acquiring an additional 3,793 shares during the period. Finally, Lansing Street Advisors raised its stake in International Business Machines by 5.4% in the 2nd quarter. Lansing Street Advisors now owns 2,173 shares of the technology company's stock worth $611,000 after purchasing an additional 112 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: IBM announced a next-generation dual-architecture processor for future IBM Z and LinuxONE systems. The chip is designed to support both IBM and Arm platforms, potentially broadening software compatibility, expanding enterprise customer choice and strengthening IBM’s mainframe franchise. IBM Unveils Next Generation Dual-Architecture Processor for IBM Z and LinuxONE
• Positive Sentiment: The processor uses advanced technology, including Arm integration and a reported 2-nanometer design with performance reaching 5.7 GHz. Investors may view the development as evidence of continued innovation and a potential long-term growth catalyst. IBM Unveils Next Generation Dual-Architecture Processor for IBM Z and LinuxONE
• Positive Sentiment: IBM and the USTA introduced AI-powered features for the 2026 US Open, including personalized live updates, serve analysis, match insights and conversational tools. The initiative showcases IBM’s watsonx and AI capabilities to a large global audience and may support commercial AI credibility. IBM and the USTA Introduce New AI-Powered Fan Experiences for 2026 US Open
• Positive Sentiment: A report highlighted a new IBM quantum-computing milestone, reinforcing the company’s longer-term technology narrative, although the immediate revenue impact remains uncertain. IBM Just Hit a New Quantum Computing Milestone

Analysts Set New Price Targets

IBM has been the topic of a number of analyst reports. Wedbush set a $350.00 target price on shares of International Business Machines in a research report on Tuesday, June 2nd. Susquehanna dropped 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 report on Friday, July 24th. Citigroup cut their price target on International Business Machines from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Bank of America increased their price target on International Business Machines from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. Finally, Weiss Ratings cut International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 24th. Sixteen 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $265.40.

International Business Machines Price Performance

IBM stock opened at $231.06 on Tuesday. The company's 50-day moving average price is $246.44 and its two-hundred day moving average price is $249.98. The firm has a market cap of $217.69 billion, a P/E ratio of 20.50, a P/E/G ratio of 2.31 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.80 EPS. On average, analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's dividend payout ratio (DPR) is currently 59.98%.

International Business Machines Company Profile

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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