International Business Machines Corporation $IBM Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in International Business Machines Corporation (NYSE:IBM) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,720 shares of the technology company’s stock after acquiring an additional 3,226 shares during the quarter. International Assets Investment Management LLC’s holdings in International Business Machines were worth $3,998,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Heritage Family Offices LLP increased its position in shares of International Business Machines by 18.5% during the third quarter. Heritage Family Offices LLP now owns 2,110 shares of the technology company’s stock valued at $464,000 after acquiring an additional 329 shares in the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new position in International Business Machines in the 3rd quarter worth approximately $208,000. Calamos Advisors LLC lifted its position in International Business Machines by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 115,559 shares of the technology company’s stock valued at $25,415,000 after acquiring an additional 2,335 shares in the last quarter. Sharper & Granite LLC lifted its position in International Business Machines by 14.7% in the 3rd quarter. Sharper & Granite LLC now owns 1,090 shares of the technology company’s stock valued at $264,000 after acquiring an additional 140 shares in the last quarter. Finally, Alta Advisers Ltd boosted its stake in International Business Machines by 88.6% during the 3rd quarter. Alta Advisers Ltd now owns 6,779 shares of the technology company’s stock valued at $1,491,000 after purchasing an additional 3,184 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Key Headlines Impacting International Business Machines

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

Analyst Ratings Changes

A number of analysts have commented on the company. Citic Securities lifted their target price on International Business Machines from $294.00 to $297.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Morgan Stanley upped their price target on International Business Machines from $238.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $270.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Argus reduced their price objective on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.88.

Insider Activity at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction 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 completion of the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by insiders.

International Business Machines Trading Down 1.0%

Shares of IBM stock opened at $244.71 on Friday. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. 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 firm’s 50 day moving average is $236.76 and its 200 day moving average is $248.64. The stock has a market capitalization of $231.28 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.41 and a beta of 0.78.

International Business Machines (NYSE:IBM) last posted 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 business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. Research analysts expect that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Announces Dividend

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

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.