International Business Machines Corporation $IBM Stock Sold by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lessened its holdings in International Business Machines Corporation (NYSE:IBM) by 32.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,855 shares of the technology company’s stock after selling 3,260 shares during the period. Uhlmann Price Securities LLC’s holdings in International Business Machines were worth $1,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. 180 Wealth Advisors LLC grew its stake in shares of International Business Machines by 3.5% in the 3rd quarter. 180 Wealth Advisors LLC now owns 16,006 shares of the technology company’s stock valued at $3,520,000 after purchasing an additional 547 shares during the period. StoneX Group Inc. raised its holdings in shares of International Business Machines by 113.3% in the 3rd quarter. StoneX Group Inc. now owns 11,390 shares of the technology company’s stock worth $2,527,000 after buying an additional 6,050 shares in the last quarter. Formidable Asset Management LLC lifted its position in shares of International Business Machines by 4.8% during the 3rd quarter. Formidable Asset Management LLC now owns 16,748 shares of the technology company’s stock worth $3,683,000 after buying an additional 773 shares during the period. Verus Capital Partners LLC boosted its stake in International Business Machines by 21.5% in the 3rd quarter. Verus Capital Partners LLC now owns 6,140 shares of the technology company’s stock valued at $1,350,000 after buying an additional 1,085 shares in the last quarter. Finally, Pegasus Asset Management Inc. boosted its stake in International Business Machines by 5.4% in the 3rd quarter. Pegasus Asset Management Inc. now owns 11,500 shares of the technology company’s stock valued at $2,529,000 after buying an additional 594 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated 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 owned 47,800 shares of the company’s stock, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Trading Down 1.0%

Shares of IBM opened at $244.71 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market cap of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.41 and a beta of 0.78. The stock has a fifty day moving average price of $236.76 and a two-hundred day moving average price of $248.64. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $16.82 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post 12.41 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, December 10th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. International Business Machines’s dividend payout ratio is currently 57.63%.

International Business Machines News Roundup

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.’ Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Craig Hallum assumed coverage on International Business Machines in a research report on Wednesday, August 19th. They issued a “buy” rating on the stock. Citic Securities lifted their price objective on International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus boosted their target price on shares of International Business Machines from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a report on Thursday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of International Business Machines from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.88.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.