56,050 International Business Machines Corporation $IBM Shares Acquired by Vestor Capital LLC

Vestor Capital LLC lifted its holdings in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 410.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,714 shares of the technology company’s stock after acquiring an additional 56,050 shares during the quarter. Vestor Capital LLC’s holdings in International Business Machines were worth $15,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Harborfront Financial Group LLC purchased a new position in International Business Machines in the second quarter valued at about $27,000. Hara Capital LLC acquired a new position in shares of International Business Machines during the second quarter worth about $28,000. Bare Financial Services Inc boosted its position in shares of International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after buying an additional 55 shares during the period. Caitlin John LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $35,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $36,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

IBM opened at $246.32 on Tuesday. The company has a market capitalization of $232.80 billion, a P/E ratio of 21.00, a PEG ratio of 2.50 and a beta of 0.78. The company has a 50-day moving average of $236.97 and a 200-day moving average of $248.39. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $16.82 billion. During the same quarter last year, the company posted $2.65 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio is presently 57.63%.

Analyst Ratings Changes

Several analysts have issued reports on IBM shares. Citic Securities increased their price objective on shares of International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley boosted their target price on shares of International Business Machines from $238.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. Jefferies Financial Group upped their target price on shares of International Business Machines from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Susquehanna set a $275.00 target price on shares of International Business Machines in a research note on Friday. Finally, Bank of America dropped their price target on shares of International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.88.

View Our Latest Research Report on IBM

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Key Stories Impacting International Business Machines

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

  • Positive Sentiment: IBM deployed its first quantum computer in Illinois, at the Illinois Quantum and Microelectronics Park. The installation builds research and industry partnerships and is part of a state initiative expected to create 750 technology jobs. It strengthens IBM’s quantum-computing presence, though commercial returns may take time. Can IBM’s Latest Quantum System Boost Illinois’ Innovation Future?
  • Positive Sentiment: IBM-owned Apptio added connections and cost-management tools to help businesses track AI usage and spending, forecast budgets, and assess investments against business results. The update could help IBM capture demand as enterprises seek to manage the cost of adopting AI. Apptio Expands Portfolio to Help Enterprises Connect AI Spending to Business Value
  • Positive Sentiment: Quantum X Labs said its AI-powered error-correction program is running on three IBM quantum processors and showed up to 20% fewer logical decoding failures. This offers a potential third-party validation of IBM hardware, although the announcement comes from Quantum X Labs rather than IBM. Quantum X Labs Expands AI-Powered Quantum Error Correction Program
  • Neutral Sentiment: A Seeking Alpha analysis sees IBM’s enterprise AI portfolio and software growth as strengths, but rates the shares Hold, citing competition and a valuation it considers fair. That view suggests limited near-term upside based on its $249 price target. IBM: A Full Enterprise AI Stack, But Rivals Keep It A Hold
  • Negative Sentiment: The European Union is suing IBM and partners Atos and Leonardo over repeated delays in developing the bloc’s Entry/Exit border system. The case raises potential legal costs and could weigh on IBM’s reputation and government-contract execution; the reports do not specify the financial exposure. EU sues IBM and partners over troubled border system

International Business Machines Profile

(Free Report)

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.

Further Reading

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

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