Monetta Financial Services Inc. Makes New $984,000 Investment in International Business Machines Corporation $IBM

Monetta Financial Services Inc. acquired a new stake in International Business Machines Corporation (NYSE:IBMFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,500 shares of the technology company’s stock, valued at approximately $984,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of International Business Machines in the second quarter worth $21,586,659,000. Bank of New York Mellon Corp purchased a new stake in International Business Machines during the 2nd quarter valued at $2,606,782,000. Norges Bank bought a new stake in International Business Machines in the 4th quarter worth $2,446,429,000. Capital World Investors grew its holdings in International Business Machines by 29.2% in the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after acquiring an additional 4,976,756 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of International Business Machines in the second quarter valued at about $960,839,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

Key International Business Machines News

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

  • Positive Sentiment: Quantum-computing advances support IBM’s growth narrative. IBM reportedly achieved a 25-fold throughput improvement, reinforcing its position in quantum hardware and software and adding to investor enthusiasm around emerging technology opportunities. Quantum Computing News: IBM Hits 25x Throughput Gain, RGTI Shows Up to 100x Speedup
  • Positive Sentiment: Valuation and shareholder returns are attracting buyers. One analysis says IBM may trade below estimates of intrinsic value based on discounted cash flow, earnings and cash-flow multiples. Its long-term return, sizable dividend and reported $1.69-per-share distribution strengthen the income and value case. IBM Stock Could Be Below Fair Value Despite Cautious Broader Checks
  • Positive Sentiment: AI and strategic investments broaden IBM’s growth prospects. IBM remains a favored long-term AI stock among retail investors, while IBM Ventures’ investment in physics-acceleration company BQP provides additional exposure to advanced computing. IBM Ventures Backs Physics Acceleration Firm BQP
  • Neutral Sentiment: IBM’s latest trading-session advance reflected broader market strength, but the company’s shares remain below both their 50-day and 200-day moving averages, indicating that technical momentum is still mixed. IBM Beats Stock Market Upswing
  • Negative Sentiment: A law-firm investigation adds headline and litigation risk. Bleichmar Fonti & Auld announced an investigation into potential misrepresentations concerning IBM’s business deal pace. The inquiry does not establish wrongdoing, but it could pressure the stock if additional claims or weak bookings emerge. IBM Under Investigation for Securities Fraud

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. Robert W. Baird assumed coverage on shares of International Business Machines in a report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 target price for the company. Needham & Company LLC began coverage on International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Argus lowered their price target on 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. Wolfe Research cut International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Wedbush set a $350.00 price objective on International Business Machines in a report on Tuesday, June 2nd. Sixteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $265.90.

View Our Latest Stock Analysis on IBM

International Business Machines Trading Up 1.0%

NYSE IBM opened at $234.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The firm has a market capitalization of $220.46 billion, a PE ratio of 20.76, a P/E/G ratio of 2.21 and a beta of 0.71. The stock’s 50 day moving average is $242.40 and its 200 day moving average is $247.21.

International Business Machines (NYSE:IBMGet 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. The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share. Research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines’s dividend payout ratio is currently 59.98%.

About International Business Machines

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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