2,655 International Business Machines Corporation $IBM Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC trimmed its stake in shares of International Business Machines Corporation (NYSE:IBM) by 86.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 416 shares of the technology company’s stock after selling 2,655 shares during the quarter. Elevated Capital Advisors LLC’s holdings in International Business Machines were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Triton Wealth Management PLLC boosted its holdings in shares of International Business Machines by 68.3% in the third quarter. Triton Wealth Management PLLC now owns 2,511 shares of the technology company’s stock valued at $552,000 after acquiring an additional 1,019 shares in the last quarter. Cassia Capital Partners LLC increased its stake in shares of International Business Machines by 6.2% during the third quarter. Cassia Capital Partners LLC now owns 5,409 shares of the technology company’s stock worth $1,190,000 after acquiring an additional 318 shares during the period. New York Life Investment Management LLC increased its stake in shares of International Business Machines by 7.1% during the third quarter. New York Life Investment Management LLC now owns 140,384 shares of the technology company’s stock worth $30,875,000 after acquiring an additional 9,289 shares during the period. Gen Wealth Partners Inc raised its holdings in International Business Machines by 1.5% during the third quarter. Gen Wealth Partners Inc now owns 9,210 shares of the technology company’s stock worth $2,025,000 after purchasing an additional 137 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its holdings in International Business Machines by 47.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 30,339 shares of the technology company’s stock worth $6,672,000 after purchasing an additional 9,701 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert Thomas sold 25,000 shares of the firm’s 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 transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

IBM stock opened at $248.27 on Thursday. The firm has a 50 day moving average of $237.53 and a 200-day moving average of $247.92. The company has a market cap of $234.64 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.41 and a beta of 0.78. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. 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, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. During the same period last year, the business posted $2.65 EPS. International Business Machines’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Corporation will post 12.42 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $1.69 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio is 57.63%.

Latest International Business Machines News

Here’s some of the latest news about IBM:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index
• Negative Sentiment: Reports say IBM will end H-1B and green-card sponsorship for most roles in its largest unit, IBM Consulting. Requiring some employees to relocate or leave could create retention and hiring challenges, although the financial impact is unclear. Bloomberg report on IBM immigration sponsorship

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IBM. Barclays raised their price objective on shares of International Business Machines from $262.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Stifel Nicolaus boosted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. BMO Capital Markets increased their target price on International Business Machines from $230.00 to $265.00 and gave the stock a “market perform” rating in a research note on Thursday, October 22nd. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 29th. Finally, Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $266.88.

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.