Fulcrum Asset Management LLP Purchases 6,950 Shares of International Business Machines Corporation $IBM

Fulcrum Asset Management LLP acquired a new stake in International Business Machines Corporation (NYSE:IBM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,950 shares of the technology company’s stock, valued at approximately $1,529,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Harborfront Financial Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $27,000. Hara Capital LLC purchased a new stake in shares of International Business Machines during the 2nd quarter valued at about $28,000. Bare Financial Services Inc raised its holdings in shares of International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock valued at $29,000 after buying an additional 55 shares during the period. Caitlin John LLC acquired a new position in International Business Machines during the 2nd quarter worth approximately $35,000. Finally, Axiom Investment Management LLC acquired a new position in International Business Machines during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

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 research firms have weighed in on IBM. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 29th. Evercore reiterated an “outperform” rating on shares of International Business Machines in a research note on Friday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of International Business Machines from $250.00 to $269.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Finally, Citigroup raised their price target on shares of International Business Machines from $245.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.88.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

International Business Machines Price Performance

IBM stock opened at $248.27 on Thursday. The stock’s 50 day moving average is $237.53 and its two-hundred day moving average is $247.92. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a market capitalization of $234.64 billion, a PE ratio of 21.17, a P/E/G ratio of 2.41 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

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

International Business Machines Dividend Announcement

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 paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s payout ratio is 57.63%.

International Business Machines Company 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.