State of Alaska Department of Revenue decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 2.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 116,546 shares of the technology company’s stock after selling 2,386 shares during the period. State of Alaska Department of Revenue’s holdings in International Business Machines were worth $25,631,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Purus Wealth Management LLC raised its position in shares of International Business Machines by 29.9% in the 3rd quarter. Purus Wealth Management LLC now owns 2,442 shares of the technology company’s stock valued at $537,000 after acquiring an additional 562 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in International Business Machines by 2.0% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,685 shares of the technology company’s stock worth $2,130,000 after purchasing an additional 194 shares during the period. Viking Fund Management LLC boosted its position in shares of International Business Machines by 10.0% during the third quarter. Viking Fund Management LLC now owns 55,000 shares of the technology company’s stock worth $12,096,000 after purchasing an additional 5,000 shares in the last quarter. Kellett Wealth Advisors LLC boosted its position in shares of International Business Machines by 4.7% during the third quarter. Kellett Wealth Advisors LLC now owns 1,745 shares of the technology company’s stock worth $384,000 after purchasing an additional 78 shares in the last quarter. Finally, B.A. Schrock Wealth Management Inc. acquired a new position in shares of International Business Machines in the 3rd quarter valued at $1,393,000. 58.96% of the stock is owned by institutional investors.
More International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: Morgan Stanley raised its IBM price target from $190 to $238 and moved to an “equal weight” rating. The higher target reflects improved valuation support, although the limited implied upside suggests the analyst sees relatively balanced risk and reward. Morgan Stanley raises IBM price target
- Positive Sentiment: IBM and Siemens are collaborating to advance IBM’s nanostack transistor architecture. Siemens will contribute electronic design automation, process simulation, lithography optimization and manufacturing expertise, potentially strengthening IBM’s long-term semiconductor innovation and commercialization prospects. IBM and Siemens nanostack collaboration
- Positive Sentiment: Royal Bank of Canada reaffirmed an “outperform” rating on IBM, providing additional support for the bullish view among analysts. RBC reaffirms IBM outperform rating
- Neutral Sentiment: IBM is approaching a closely watched quarterly earnings release. Investors will assess whether AI and hybrid-cloud growth can offset competition, margin pressure and the company’s premium valuation. IBM ahead of Q3 earnings
- Negative Sentiment: Analysis of IBM’s first-half operating cash flow found that most of the year-over-year improvement came from changes in financing receivables rather than underlying operating growth. That raises questions about the sustainability and quality of the cash-flow improvement. IBM customer financing and cash flow analysis
- Negative Sentiment: IBM’s research also highlighted growing AI governance risks: many EMEA enterprises have escalated AI incidents to senior leadership, while relatively few have governance frameworks ready for increasingly autonomous AI agents. The findings could increase compliance and implementation concerns for enterprise customers. IBM AI governance study
International Business Machines Stock Up 2.3%
Shares of IBM stock traded up $5.16 on Thursday, hitting $233.04. 2,301,443 shares of the stock were exchanged, compared to its average volume of 7,457,555. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $219.55 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The business has a 50-day moving average of $232.07 and a 200 day moving average of $243.68. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46.
International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the company earned $2.80 earnings per share. International Business Machines’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current year.
International Business Machines Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines’s payout ratio is currently 59.98%.
Insider Activity at International Business Machines
In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the senior vice president owned 47,800 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
IBM has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a research note on Tuesday. Barclays lowered their price target on International Business Machines from $288.00 to $262.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Wolfe Research downgraded shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.96.
International Business Machines Company Profile
International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.
IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.
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