Novem Group Has $3.27 Million Stake in International Business Machines Corporation $IBM

Novem Group boosted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 54.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,644 shares of the technology company’s stock after purchasing an additional 4,117 shares during the quarter. Novem Group’s holdings in International Business Machines were worth $3,274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in shares of International Business Machines in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in International Business Machines during the 1st quarter valued at about $26,000. Joseph Group Capital Management acquired a new position in International Business Machines in the fourth quarter valued at about $28,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines during the fourth quarter worth about $28,000. Finally, SWAN Capital LLC bought a new stake in International Business Machines during the third quarter worth about $28,000. 58.96% of the stock is owned by institutional investors.

International Business Machines News Summary

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

• Positive Sentiment: IBM successfully connected and cooled two modular cryogenic systems to below 15 millikelvin, creating an architecture intended to link hundreds of quantum chips. The company says the design supports its goal of a 1,000-programmable-qubit system and the planned Quantum Starling fault-tolerant computer in 2029. IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• Positive Sentiment: The quantum announcement has generated favorable coverage and previously supported gains in IBM shares, reinforcing the company’s positioning in the emerging quantum-computing race. If IBM meets its roadmap, the technology could create a significant long-term growth opportunity beyond its traditional software, consulting and infrastructure businesses. IBM Clears Major Hardware Hurdle on the Path to Its Quantum Supercomputer
• Neutral Sentiment: IBM-related customer news highlighted continued use of IBM Maximo software for industrial safety and asset management. The award provides third-party validation for the platform, but its near-term financial impact appears limited. CEPR and Cohesive Receive Maximo Award for Power Plant Health and Safety Excellence
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations following IBM’s substantial recent decline. The announcement does not establish wrongdoing, but it adds headline and litigation risk while potentially undermining investor confidence. IBM Investor Reminder: Securities Fraud Investigation
• Negative Sentiment: Recent earnings showed revenue below analyst expectations even though EPS matched consensus, while commentary comparing IBM with Accenture questioned IBM’s relative dividend and financial appeal. With the stock below its 50-day and 200-day moving averages, investors may be demanding clearer near-term growth before assigning more value to the quantum opportunity. IBM vs. Accenture: The Better Dividend Stock May Surprise You

International Business Machines Price Performance

IBM opened at $233.40 on Friday. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The company’s 50 day simple moving average is $247.90 and its 200-day simple moving average is $250.98. The stock has a market capitalization of $219.89 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share 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 firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same quarter in the previous year, the company posted $2.80 EPS. International Business Machines’s revenue was up 1.1% on a year-over-year basis. Sell-side 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 company also recently announced 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 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 presently 59.98%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on IBM shares. Argus cut their target price on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. JPMorgan Chase & Co. decreased their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. BMO Capital Markets dropped their price target on International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a report on Thursday, July 23rd. Roth Capital reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC assumed coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Sixteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $265.40.

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.