Mcdonald Partners LLC cut its holdings in International Business Machines Corporation (NYSE:IBM – Free Report) by 56.6% in the second quarter, HoldingsChannel reports. The firm owned 12,077 shares of the technology company’s stock after selling 15,747 shares during the quarter. Mcdonald Partners LLC’s holdings in International Business Machines were worth $3,396,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Ascentis Wealth Management LLC raised its stake in International Business Machines by 4,142.0% during the second quarter. Ascentis Wealth Management LLC now owns 501,611 shares of the technology company’s stock valued at $141,000 after purchasing an additional 489,786 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of International Business Machines by 1.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 6,459 shares of the technology company’s stock worth $1,816,000 after buying an additional 111 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of International Business Machines by 1.1% in the 2nd quarter. Kestra Private Wealth Services LLC now owns 86,898 shares of the technology company’s stock worth $24,436,000 after buying an additional 984 shares during the last quarter. Navalign LLC increased its holdings in shares of International Business Machines by 13.0% in the 2nd quarter. Navalign LLC now owns 1,138 shares of the technology company’s stock worth $320,000 after buying an additional 131 shares during the last quarter. Finally, Marks Group Wealth Management Inc raised its position in shares of International Business Machines by 4.4% during the 2nd quarter. Marks Group Wealth Management Inc now owns 10,971 shares of the technology company’s stock valued at $3,085,000 after buying an additional 463 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.
Analysts Set New Price Targets
IBM has been the subject of several recent research reports. Oppenheimer lowered International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. HSBC set a $175.00 price objective on International Business Machines and gave the company a “reduce” rating in a research report on Thursday, July 16th. Piper Sandler raised International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. Susquehanna decreased their price target on 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, Royal Bank Of Canada restated an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a research report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average target price of $265.40.
International Business Machines Stock Down 1.7%
Shares of NYSE IBM opened at $230.15 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The company has a market cap of $216.83 billion, a P/E ratio of 20.42, a PEG ratio of 2.30 and a beta of 0.70. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The firm has a 50-day simple moving average of $245.07 and a two-hundred day simple moving average of $249.17.
International Business Machines (NYSE:IBM – Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting 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 firm had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current year.
International Business Machines Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines’s dividend payout ratio is 59.98%.
Key Stories Impacting International Business Machines
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM completed its acquisition of HRL Laboratories, adding expertise in quantum computing, quantum sensing, advanced communications, materials science and electronics. The deal could strengthen IBM’s long-term quantum and advanced-technology pipeline. IBM Completes Acquisition of HRL Laboratories to Accelerate the Future of Quantum
- Positive Sentiment: The company’s new dual-architecture mainframe processor, developed with Arm Holdings, can execute IBM and Arm instructions natively on the same chip. The technology could broaden IBM Z and LinuxONE’s software ecosystem, support Arm-native applications and improve IBM’s positioning in enterprise AI and infrastructure. What Could IBM Gain From Its First Dual Architecture Mainframe Processor?
- Positive Sentiment: Commentator Jim Cramer said IBM is performing better than its reputation suggests and that the stock deserves more credit. The remarks may support sentiment, although they do not materially change IBM’s fundamentals. Jim Cramer Says IBM Is a Hated Stock That Deserves Better
- Neutral Sentiment: IBM’s quantum milestone involved connecting and cooling two cryogenic modules, while broader industry spending on post-quantum cybersecurity could create future opportunities for IBM. However, these benefits remain longer-term and are difficult to translate into immediate revenue. Quantum Computing Is Raising the Stakes for Cybersecurity
- Negative Sentiment: BTIG reportedly cautioned that the quantum achievement does not yet demonstrate a commercially scalable system, tempering investor enthusiasm and contributing to pressure on IBM’s shares. IBM Stock Falls as BTIG Pours Cold Water on Quantum Computing Milestone
- Negative Sentiment: Recent earnings showed revenue of $17.16 billion, below the $17.46 billion consensus estimate, despite in-line adjusted earnings. Reports also highlighted weak mainframe sales, reinforcing concerns that IBM’s growth and new product benefits may take time to emerge.
- Negative Sentiment: A securities law firm announced an investigation related to IBM’s stock decline. Such notices are often investor-solicitation efforts and do not establish wrongdoing, but they can add near-term headline risk. IBM Securities Notice
About International Business Machines
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.
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