United Advisor Group LLC boosted its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 51.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,376 shares of the technology company’s stock after buying an additional 3,881 shares during the quarter. United Advisor Group LLC’s holdings in International Business Machines were worth $2,502,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in International Business Machines in the second quarter valued at about $21,586,659,000. State Street Corp grew its position in shares of International Business Machines by 2.7% during the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company’s stock valued at $15,760,430,000 after acquiring an additional 1,450,562 shares during the period. Bank of America Corp DE bought a new position in shares of International Business Machines during the 2nd quarter valued at approximately $4,214,868,000. Bank of New York Mellon Corp bought a new position in shares of International Business Machines during the 2nd quarter valued at approximately $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of International Business Machines by 0.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company’s stock worth $2,143,245,000 after purchasing an additional 53,388 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.
Insider Activity at International Business Machines
In related news, SVP Robert Thomas sold 25,000 shares of the firm’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 transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
International Business Machines News Summary
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.’ Quantum Computing Is a Big Reason
- Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
- Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
- Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News
International Business Machines Stock Performance
NYSE IBM traded down $2.40 during trading on Friday, hitting $244.71. 3,491,508 shares of the company’s stock traded hands, compared to its average volume of 5,459,637. The stock has a market capitalization of $231.28 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.49 and a beta of 0.78. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The business has a 50 day moving average of $236.76 and a 200-day moving average of $248.64.
International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.65 earnings per share. As a group, equities research analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.
International Business Machines Announces Dividend
The firm 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 dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio is presently 57.63%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on IBM shares. Susquehanna set a $275.00 price target on shares of International Business Machines in a report on Friday. Weiss Ratings downgraded International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. increased their price objective on International Business Machines from $250.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 price objective on shares of International Business Machines in a report on Thursday, October 22nd. Finally, Truist Financial set a $260.00 target price on International Business Machines in a research report on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.88.
View Our Latest Stock Report on International Business Machines
International Business Machines 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.
The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.
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