QRG Capital Management Inc. Purchases 10,627 Shares of International Business Machines Corporation $IBM

QRG Capital Management Inc. grew its position in International Business Machines Corporation (NYSE:IBM) by 6.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 172,688 shares of the technology company’s stock after purchasing an additional 10,627 shares during the period. QRG Capital Management Inc.’s holdings in International Business Machines were worth $48,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. McGowan Group Asset Management Inc. boosted its stake in International Business Machines by 1.2% in the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after purchasing an additional 33 shares during the period. Exencial Wealth Advisors LLC grew its holdings in International Business Machines by 0.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company’s stock valued at $2,332,000 after buying an additional 34 shares in the last quarter. Prasad Wealth Partners LLC increased its position in International Business Machines by 1.0% during the 4th quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company’s stock worth $1,068,000 after buying an additional 35 shares during the period. Orca Wealth Management LLC increased its position in International Business Machines by 3.7% during the 4th quarter. Orca Wealth Management LLC now owns 975 shares of the technology company’s stock worth $285,000 after buying an additional 35 shares during the period. Finally, Friday Financial lifted its holdings in shares of International Business Machines by 1.9% during the second quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after buying an additional 35 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of IBM stock opened at $234.79 on Friday. The firm has a market capitalization of $221.21 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.33 and a beta of 0.70. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $251.38 and its 200-day moving average price is $253.20. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.80 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines’s dividend payout ratio is 59.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a research report on Tuesday, July 21st. Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group set a $270.00 price objective on shares of International Business Machines in a research note on Thursday, July 23rd. Wedbush set a $350.00 price objective on shares of International Business Machines in a report on Tuesday, June 2nd. Finally, Argus decreased their target price on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Fifteen investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.40.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM’s strategic partnership with OpenAI will embed OpenAI models and tools, including GPT-5.6, into IBM Consulting’s enterprise AI platform. IBM also plans to establish a dedicated OpenAI Practice and train thousands of consultants and engineers, potentially strengthening its position in regulated industries such as finance, government, telecommunications and retail. IBM partners with OpenAI to bolster enterprise AI push
• Positive Sentiment: IBM’s $240 million, multi-year agreement with Together AI will build an NVIDIA-powered AI inference cluster on IBM Cloud. Strong anticipated demand could support growth in IBM’s cloud infrastructure and high-performance AI workloads. Can IBM’s Together AI Cloud Deal Boost Its Growth Prospects?
• Positive Sentiment: IBM-reported research indicates that 85% of organizations planned to increase security spending by May, up from 64% during the prior period, as companies respond to frontier-AI cyber threats. This could benefit IBM’s cybersecurity, consulting and AI automation businesses. Frontier AI Threats Drive Companies to Boost Security Budgets
• Neutral Sentiment: Some coverage characterizes IBM as a relatively attractive technology investment because of its steadier earnings outlook, valuation and dividend, while other commentary highlights longer-term opportunities in quantum computing. These factors may provide support but are unlikely to resolve near-term growth concerns. AST SpaceMobile vs. IBM: Which Tech Stock is the Better Buy Now?
• Negative Sentiment: IBM’s shares have declined even after the OpenAI announcement, suggesting investors want evidence that the alliance can accelerate sales and profits. The partnership’s costs, implementation timeline and ability to convert consulting demand into recurring revenue remain key uncertainties. IBM Stock Drops Despite Major OpenAI Partnership
• Negative Sentiment: Bleichmar Fonti & Auld LLP announced an investigation into potential securities fraud following IBM’s significant stock decline. The announcement is primarily an attorney solicitation and does not establish wrongdoing, but it adds headline and litigation risk. IBM securities fraud investigation reminder

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.