O Domhnaill Enterprises Inc. Buys 5,395 Shares of International Business Machines Corporation $IBM

O Domhnaill Enterprises Inc. raised its position in International Business Machines Corporation (NYSE:IBM) by 107.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,397 shares of the technology company’s stock after buying an additional 5,395 shares during the quarter. International Business Machines makes up about 2.3% of O Domhnaill Enterprises Inc.’s investment portfolio, making the stock its 18th biggest holding. O Domhnaill Enterprises Inc.’s holdings in International Business Machines were worth $2,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Eagle Global Advisors LLC bought a new stake in shares of International Business Machines during the second quarter worth $214,000. Bailard Inc. lifted its stake in shares of International Business Machines by 6.9% during the second quarter. Bailard Inc. now owns 15,175 shares of the technology company’s stock valued at $4,267,000 after acquiring an additional 979 shares during the period. Almanack Investment Partners LLC. boosted its holdings in International Business Machines by 1,087.4% in the second quarter. Almanack Investment Partners LLC. now owns 20,375 shares of the technology company’s stock valued at $5,730,000 after acquiring an additional 18,659 shares during the last quarter. Lebenthal Global Advisors LLC increased its position in International Business Machines by 9.6% in the second quarter. Lebenthal Global Advisors LLC now owns 11,864 shares of the technology company’s stock worth $3,336,000 after purchasing an additional 1,043 shares during the period. Finally, Welch & Forbes LLC increased its position in International Business Machines by 30.4% in the second quarter. Welch & Forbes LLC now owns 69,666 shares of the technology company’s stock worth $19,591,000 after purchasing an additional 16,221 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert David Thomas sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of a number of research reports. Barclays cut their target price on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Argus lowered their price target on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research note on Saturday. Susquehanna cut their price objective on shares of International Business Machines from $303.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $270.00 price objective on shares of International Business Machines in a research note on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.40.

International Business Machines Trading Down 1.3%

NYSE:IBM opened at $235.78 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The firm has a market capitalization of $222.14 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.31 and a beta of 0.70. The business’s 50-day moving average price is $244.57 and its two-hundred day moving average price is $248.65.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion during 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%.The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 EPS. On average, equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 annualized dividend and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is presently 59.98%.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

International Business Machines Profile

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.