13,422 International Business Machines Corporation $IBM Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its holdings in International Business Machines Corporation (NYSE:IBM) by 92.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,072 shares of the technology company’s stock after selling 13,422 shares during the quarter. International Assets Investment Management LLC’s holdings in International Business Machines were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IBM. Assetmark Inc. grew its stake in International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock worth $15,624,000 after buying an additional 12,791 shares during the last quarter. Flputnam Investment Management Co. acquired a new position in International Business Machines during the 2nd quarter valued at about $15,237,000. Beacon Investment Advisory Services Inc. raised its stake in International Business Machines by 939.4% in the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock valued at $8,575,000 after buying an additional 27,561 shares during the last quarter. St. Louis Financial Planners Asset Management LLC raised its stake in International Business Machines by 34.6% in the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock valued at $4,121,000 after buying an additional 3,659 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its holdings in International Business Machines by 9.0% in the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock worth $15,222,000 after acquiring an additional 5,196 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock traded down $2.40 during mid-day trading on Friday, reaching $244.71. The stock had a trading volume of 3,491,508 shares, compared to its average volume of 5,459,637. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The firm has a market cap of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.49 and a beta of 0.78. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The business’s fifty day moving average is $236.76 and its 200-day moving average is $248.64.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 earnings per share. On average, research analysts forecast that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given 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 (DPR) is currently 57.63%.

International Business Machines News Summary

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

Insider Buying and Selling

In other news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were 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. This represents a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IBM. Sanford C. Bernstein dropped their price target on International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday, July 23rd. Truist Financial set a $260.00 price objective on shares of International Business Machines in a research report on Thursday, October 22nd. Yorkville Ives initiated coverage on shares of International Business Machines in a research note on Monday, October 5th. They issued an “outperform” rating and a $275.00 target price for the company. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Finally, Susquehanna set a $275.00 price target on shares of International Business Machines in a research note on Friday. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.88.

International Business Machines Company 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.