Cullinan Associates Inc. Acquires 3,679 Shares of International Business Machines Corporation $IBM

Cullinan Associates Inc. raised its stake in International Business Machines Corporation (NYSE:IBM) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,822 shares of the technology company’s stock after buying an additional 3,679 shares during the period. International Business Machines makes up about 2.3% of Cullinan Associates Inc.’s investment portfolio, making the stock its 9th largest holding. Cullinan Associates Inc.’s holdings in International Business Machines were worth $35,220,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IBM. Lifestyle Asset Management Inc. boosted its position in shares of International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock valued at $632,000 after purchasing an additional 36 shares during the period. Whelan Financial increased its position in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company’s stock worth $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC raised its holdings in shares of International Business Machines by 0.9% during the second quarter. Ignite Planners LLC now owns 3,964 shares of the technology company’s stock valued at $1,133,000 after acquiring an additional 36 shares during the period. Vishria Bird Financial Group LLC lifted its position in shares of International Business Machines by 3.0% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 1,230 shares of the technology company’s stock valued at $347,000 after acquiring an additional 36 shares in the last quarter. Finally, Prosperitas Financial LLC boosted its stake in International Business Machines by 2.9% in the 3rd quarter. Prosperitas Financial LLC now owns 1,260 shares of the technology company’s stock worth $356,000 after purchasing an additional 36 shares during the period. 58.96% of the stock is owned by institutional investors.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: U.S. antitrust clearance advanced IBM’s planned deal for Confluent, removing a major regulatory obstacle and accelerating IBM’s strategy to strengthen its data-streaming and hybrid-cloud capabilities. Read More.
• Positive Sentiment: Bank of America raised its IBM price target from $315 to $335 and kept a “buy” rating, providing institutional support that could underpin future upside. Read More.
• Positive Sentiment: IBM expanded its edge-AI work with Datavault AI using watsonx-powered secure micro data centers — a product/partnership win that targets low-latency enterprise AI demand. Read More.
• Positive Sentiment: High-profile bullish commentary (Gary Cohn on CNBC; Jim Cramer calling IBM “still very inexpensive”) adds retail/institutional confidence in IBM’s macro and valuation story. Read More. | Read More.
• Neutral Sentiment: Market pieces on AI, quantum and defense (NVDA/IONQ-focused) highlight secular tailwinds for compute and quantum that could indirectly benefit IBM’s hardware, cloud and quantum franchises. Impact is strategic and longer-term. Read More. | Read More.
• Neutral Sentiment: Recent coverage notes IBM has outperformed the market recently, suggesting some recent momentum but also setting up potential short-term consolidation. Read More.
• Negative Sentiment: Analysis pointing to diverging views on IBM’s strategic trajectory highlights investor skepticism about execution and long-term growth pace; that mixed sentiment can pressure the stock after a run-up. Read More.

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research note on Wednesday, December 10th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Morgan Stanley dropped their price target on International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group upgraded International Business Machines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $300.00 to $360.00 in a research report on Monday, January 5th. Finally, Royal Bank Of Canada upped their target price on International Business Machines from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $303.38.

International Business Machines Stock Down 3.0%

IBM opened at $302.84 on Wednesday. The company has a market capitalization of $283.08 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 2.89 and a beta of 0.70. The business has a 50-day moving average of $303.74 and a 200-day moving average of $282.13. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.20. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, November 10th. International Business Machines’s payout ratio is presently 80.38%.

International Business Machines Profile

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.