Rep. Josh Gottheimer Sells International Business Machines Corporation (NYSE:IBM) Stock

Key Points

• Representative Josh Gottheimer sold shares of International Business Machines Corporation (NYSE:IBM) worth between $1,001 and $15,000 on July 25th.
• The stock of IBM is currently down 0.8%, with a market cap of $217.86 billion and an earnings report showing a 7.7% year-over-year revenue increase to $16.98 billion.
• Recent hedge fund activity includes Capital World Investors increasing its stake by 413.5% and GAMMA Investing LLC increasing its stake by an unprecedented 29,564.2%.

Representative Josh Gottheimer (D-New Jersey) recently sold shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in International Business Machines stock on July 25th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walmart NYSE: WMT on 7/28/2025.
• Sold $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/18/2025.
• Sold $1,001 - $15,000 in shares of Independence Realty Trust NYSE: IRT on 7/16/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 7/14/2025.
• Sold $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/2/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.

International Business Machines Stock Down 0.8%

Shares of NYSE IBM opened at $234.41 on Wednesday. The stock has a market cap of $217.86 billion, a PE ratio of 38.05, a PEG ratio of 3.65 and a beta of 0.69. The business has a fifty day moving average of $274.96 and a two-hundred day moving average of $258.39. International Business Machines Corporation has a 52-week low of $189.21 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period last year, the business earned $2.43 earnings per share. The business's revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Bank of America lowered their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. UBS Group lifted their price objective on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $268.75.

Institutional Trading of International Business Machines

Several hedge funds have recently made changes to their positions in the company. Capital World Investors raised its stake in shares of International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the period. GAMMA Investing LLC increased its stake in International Business Machines by 29,564.2% in the 1st quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after acquiring an additional 4,384,958 shares during the last quarter. GQG Partners LLC bought a new position in International Business Machines in the 1st quarter worth about $1,040,057,000. Nuveen LLC bought a new position in International Business Machines in the 1st quarter worth about $960,386,000. Finally, Vanguard Group Inc. increased its stake in International Business Machines by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company's stock worth $28,019,274,000 after acquiring an additional 1,913,708 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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