International Business Machines Corporation $IBM Shares Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp boosted its stake in International Business Machines Corporation (NYSE:IBM) by 85.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,639 shares of the technology company’s stock after purchasing an additional 3,064 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in International Business Machines were worth $1,460,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Friday Financial lifted its position in shares of International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after purchasing an additional 35 shares during the period. Trinity Wealth Management LLC increased its position in shares of International Business Machines by 2.3% during the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company’s stock valued at $477,000 after buying an additional 38 shares during the period. Pettinga Financial Advisors LLC increased its position in shares of International Business Machines by 3.6% during the second quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $307,000 after buying an additional 38 shares during the period. HHM Wealth Advisors LLC increased its position in shares of International Business Machines by 4.6% during the second quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company’s stock valued at $261,000 after buying an additional 41 shares during the period. Finally, CKW Financial Group raised its stake in International Business Machines by 2.1% in the third quarter. CKW Financial Group now owns 2,024 shares of the technology company’s stock worth $457,000 after buying an additional 41 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

International Business Machines Stock Down 1.3%

Shares of International Business Machines stock opened at $244.91 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. The company has a 50-day moving average of $237.80 and a 200 day moving average of $247.66. The firm has a market cap of $231.47 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.44 and a beta of 0.78. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. International Business Machines’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.42 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBM. Sanford C. Bernstein lowered their price objective on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating for the company in a report on Thursday, July 23rd. Robert W. Baird upped their target price on International Business Machines from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Citic Securities increased their target price on International Business Machines from $294.00 to $297.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Finally, Daiwa Securities Group dropped their price target on International Business Machines from $247.00 to $217.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $266.88.

Trending Headlines about International Business Machines

These are some of the IBM headlines that stood out recently:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed to perform 10,000 operations across 520 qubits, with a roadmap to exceed 1,000 qubits in 2027. IBM says partners have run more than 34 billion circuits on the current generation, reporting speedups of up to 19 times versus earlier IBM processors. The advances strengthen IBM’s long-term position in quantum computing, though broad commercial benefits are likely still developing. IBM Quantum Nighthawk announcement
• Neutral Sentiment: IBM’s new digital-sovereignty index found widespread difficulty among enterprises in proving control over data and AI systems. This may highlight demand for IBM’s consulting and technology solutions, but also underscores customer risks as AI adoption and regulation grow. IBM Digital Sovereignty Index
• Negative Sentiment: IBM plans to end H-1B and green-card sponsorship for many roles in its U.S. consulting unit, reportedly its largest business. The move may reduce immigration-related costs or reflect policy constraints, but could make it harder to retain and recruit specialized workers and create disruption for affected teams. IBM to end immigration sponsorship for roles in biggest unit

About International Business Machines

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.