International Business Machines Corporation $IBM Stock: Torrey Growth & Income Advisors Lowers Position

Torrey Growth & Income Advisors lowered its position in International Business Machines Corporation (NYSE:IBM) by 71.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,000 shares of the technology company’s stock after selling 2,530 shares during the quarter. Torrey Growth & Income Advisors’ holdings in International Business Machines were worth $220,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IBM. Assetmark Inc. grew its position in International Business Machines by 24.8% in the first quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock worth $15,624,000 after acquiring an additional 12,791 shares in the last quarter. Flputnam Investment Management Co. bought a new position in shares of International Business Machines during the 2nd quarter valued at $15,237,000. Beacon Investment Advisory Services Inc. lifted its stake in shares of International Business Machines by 939.4% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock valued at $8,575,000 after purchasing an additional 27,561 shares during the last quarter. St. Louis Financial Planners Asset Management LLC lifted its stake in shares of International Business Machines by 34.6% in the 2nd 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 purchasing 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 purchasing an additional 5,196 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. Barclays increased their target price on shares of International Business Machines from $262.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Evercore reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Friday. HSBC decreased their price target on International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Citigroup increased their price objective on International Business Machines from $245.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Finally, Bank of America cut their price objective on International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $266.88.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM’s Latest Quantum System Boost Illinois’ Innovation Future?
• Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
• Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
• Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
• Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

International Business Machines Price Performance

NYSE IBM opened at $246.32 on Tuesday. 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 company has a fifty day simple moving average of $236.97 and a 200 day simple moving average of $248.39. The company has a market cap of $232.80 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.50 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 earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.65 EPS. On average, sell-side analysts predict that International Business Machines Corporation will post 12.41 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared 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. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio is 57.63%.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction dated 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 approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

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.

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