Uniting Wealth Partners LLC Makes New Investment in International Business Machines Corporation $IBM

Key Points

• Uniting Wealth Partners initiated a position in IBM during the second quarter, purchasing 4,473 shares valued at approximately $1.26 million. Institutional investors collectively own 58.96% of the company.
• IBM’s latest quarter matched earnings expectations at $2.93 per share, but revenue of $17.16 billion fell short of estimates; year-over-year revenue increased 1.1%. The stock recently traded near $231, below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with a consensus “Moderate Buy” rating and an average price target of $265.90. IBM also declared a quarterly dividend of $1.69 per share, while concerns include AI-related disruption, earnings-estimate reductions and a pending securities-fraud investigation.

Uniting Wealth Partners LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,473 shares of the technology company's stock, valued at approximately $1,258,000.

A number of other hedge funds have also recently made changes to their positions in IBM. Basepoint Wealth LLC bought a new position in International Business Machines during the 4th quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new stake in International Business Machines in the first quarter worth $26,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines in the fourth quarter worth $28,000. SWAN Capital LLC purchased a new stake in shares of International Business Machines in the third quarter worth $28,000. Finally, Bare Financial Services Inc grew its stake in shares of International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after acquiring an additional 55 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

More International Business Machines News

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

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent analyst reports. HSBC set a $175.00 price target on International Business Machines and gave the stock a "reduce" rating in a research report on Thursday, July 16th. KeyCorp downgraded shares of International Business Machines to a "sector weight" rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. reduced their price objective on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 17th. Wolfe Research cut shares of International Business Machines to a "peer perform" rating in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus dropped their target price on shares of International Business Machines from $290.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $265.90.

International Business Machines Trading Down 1.2%

International Business Machines stock opened at $231.12 on Wednesday. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The business's fifty day moving average is $243.51 and its 200 day moving average is $247.61. The stock has a market capitalization of $217.75 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.30 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts' consensus estimates of $2.93. The business had revenue of $17.16 billion during 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%.International Business Machines's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

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 issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines's payout ratio is presently 59.98%.

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 25,000 shares of the 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 transaction, the senior vice president owned 47,800 shares in the company, valued at $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 available at the SEC website. 0.27% of the stock is currently owned by company insiders.

International Business Machines 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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