International Business Machines Corporation $IBM Stock Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its stake in International Business Machines Corporation (NYSE:IBM) by 28.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,255 shares of the technology company’s stock after selling 14,674 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in International Business Machines were worth $7,974,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Friday Financial raised its stake in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock valued at $583,000 after purchasing an additional 35 shares during the last quarter. Trinity Wealth Management LLC boosted its stake in shares of International Business Machines by 2.3% during the 2nd quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company’s stock worth $477,000 after purchasing an additional 38 shares during the last quarter. Pettinga Financial Advisors LLC boosted its stake in shares of International Business Machines by 3.6% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company’s stock worth $307,000 after purchasing an additional 38 shares during the last quarter. HHM Wealth Advisors LLC boosted its stake in shares of International Business Machines by 4.6% during the 2nd quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company’s stock worth $261,000 after purchasing an additional 41 shares during the last quarter. Finally, CKW Financial Group grew its holdings in shares of International Business Machines by 2.1% during the third quarter. CKW Financial Group now owns 2,024 shares of the technology company’s stock worth $457,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Down 0.6%

IBM opened at $244.59 on Wednesday. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The business has a 50-day moving average of $237.19 and a two-hundred day moving average of $248.14. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market capitalization of $231.17 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.78.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same period in the prior year, the firm posted $2.65 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that International Business Machines Corporation will post 12.42 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors 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 annualized dividend and a yield of 2.8%. International Business Machines’s dividend payout ratio is 57.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein cut their price objective on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Bank of America lowered their target price on shares of International Business Machines from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Oppenheimer cut shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.88.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines 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.