Mirae Asset Global Investments Co. Ltd. Grows Holdings in International Business Machines Corporation $IBM

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 14.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 251,668 shares of the technology company’s stock after purchasing an additional 30,939 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in International Business Machines were worth $70,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IRON Financial LLC grew its holdings in shares of International Business Machines by 32.4% during the second quarter. IRON Financial LLC now owns 1,258 shares of the technology company’s stock worth $354,000 after buying an additional 308 shares during the last quarter. Herold Advisors Inc. raised its stake in International Business Machines by 0.7% during the 2nd quarter. Herold Advisors Inc. now owns 19,748 shares of the technology company’s stock valued at $5,544,000 after acquiring an additional 132 shares during the last quarter. Hidden Cove Wealth Management LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $204,000. Balance Wealth Partners LLC acquired a new stake in International Business Machines during the 2nd quarter worth approximately $220,000. Finally, Aurora Private Wealth Inc. grew its stake in shares of International Business Machines by 22.2% in the 2nd quarter. Aurora Private Wealth Inc. now owns 1,553 shares of the technology company’s stock valued at $437,000 after purchasing an additional 282 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Stock Up 1.1%

IBM opened at $236.17 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The stock has a market capitalization of $222.50 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.29 and a beta of 0.70. The business has a 50 day simple moving average of $247.18 and a 200-day simple moving average of $250.88.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.International Business Machines’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 earnings per share. On average, equities analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Industry research projects the global hyperscale data-center market will expand from $162.79 billion in 2024 to $608.54 billion by 2030, driven by AI, machine learning and cloud-computing demand. This supports IBM’s infrastructure, consulting and hybrid-cloud opportunities, although the report is not an IBM-specific contract announcement. Hyperscale Data Center Market Surges to $608.54 billion
• Positive Sentiment: IBM’s modular cryogenic technology is designed to help scale its quantum systems toward 1,000 programmable qubits and support its Quantum Starling plans by 2029. The development strengthens IBM’s technology narrative and long-term growth potential, though commercial revenue benefits remain several years away. Can IBM Scale Quantum Computing With Its New Cryogenic Systems?
• Positive Sentiment: A power producer and Cohesive received an award for improving workplace safety using IBM Maximo, providing third-party recognition of the software’s industrial asset-management capabilities. The item is supportive of IBM’s enterprise-software credibility but does not indicate a material near-term financial impact. CEPR and Cohesive Receive Maximo Award
• Neutral Sentiment: A Zacks review notes that IBM has risen 13.1% since its latest earnings report, indicating continued investor support after the results. However, the company’s reported revenue missed expectations while earnings per share matched estimates, leaving valuation and execution important considerations. Why Is IBM Up Since Its Last Earnings Report?
• Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations related to IBM’s prior stock decline. The notice appears to be an investor-solicitation announcement rather than a finding of wrongdoing, but it can weigh on sentiment and introduce potential legal risk. IBM Ongoing Investigation

Analyst Ratings Changes

Several equities research analysts have recently commented on IBM shares. Needham & Company LLC initiated coverage on International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating for the company. Wedbush set a $350.00 price objective on shares of International Business Machines in a research report on Tuesday, June 2nd. BMO Capital Markets reduced their target price on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research note on Thursday, July 23rd. Morgan Stanley lowered their target price on shares of International Business Machines from $293.00 to $190.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, Bank of America boosted their price target on shares of International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.40.

About International Business Machines

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.