International Business Machines Corporation $IBM Stock: Pinnacle Associates Ltd. Boosts Position

Pinnacle Associates Ltd. lifted its holdings in International Business Machines Corporation (NYSE:IBM) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,210 shares of the technology company’s stock after buying an additional 6,438 shares during the quarter. Pinnacle Associates Ltd.’s holdings in International Business Machines were worth $36,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Cohen Investment Advisors LLC grew its stake in shares of International Business Machines by 3.8% during the 3rd quarter. Cohen Investment Advisors LLC now owns 2,677 shares of the technology company’s stock worth $589,000 after purchasing an additional 97 shares during the period. Oath Planning LLC increased its holdings in shares of International Business Machines by 3.0% in the 3rd quarter. Oath Planning LLC now owns 2,512 shares of the technology company’s stock valued at $553,000 after purchasing an additional 72 shares in the last quarter. Sensible Money LLC increased its holdings in shares of International Business Machines by 14.8% in the 3rd quarter. Sensible Money LLC now owns 1,092 shares of the technology company’s stock valued at $240,000 after purchasing an additional 141 shares in the last quarter. Zullo Investment Group Inc. increased its holdings in shares of International Business Machines by 7.2% in the 3rd quarter. Zullo Investment Group Inc. now owns 4,866 shares of the technology company’s stock valued at $1,070,000 after purchasing an additional 328 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in shares of International Business Machines by 21.0% in the third quarter. Diversify Advisory Services LLC now owns 63,912 shares of the technology company’s stock valued at $14,963,000 after purchasing an additional 11,112 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 2.5%

International Business Machines stock opened at $242.21 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The firm has a market capitalization of $228.19 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The stock’s fifty day moving average is $232.07 and its two-hundred day moving average is $243.58.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.93. The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.80 earnings per share. Analysts predict that International Business Machines Corporation will post 12.34 EPS for the current fiscal year.

International Business Machines News Roundup

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

• Positive Sentiment: Enterprise AI momentum: IBM Ventures invested in Leena AI, whose software automates HR, IT and finance processes through autonomous AI agents. The investment supports IBM’s broader effort to capture enterprise spending as customers move from AI assistants to end-to-end workflow automation. IBM Ventures Invests in Leena AI
• Positive Sentiment: Open-source AI infrastructure: IBM and partners including Red Hat, Google Cloud, CoreWeave and NVIDIA introduced llm-d 1.0, a production-focused platform designed to make large-language-model inference more scalable and cost efficient. The project could strengthen IBM’s position in hybrid cloud and enterprise AI deployments. llm-d 1.0 Advances Open, Cost-Efficient AI Inference
• Positive Sentiment: Software and cybersecurity support: Analysts point to IBM’s software division—particularly hybrid cloud, automation and Red Hat—as the company’s key growth and profit engine. IBM’s Logiq Consulting acquisition also expands its cybersecurity reach in the U.K. defense and regulated markets. IBM’s Logiq Consulting Acquisition
• Neutral Sentiment: Earnings are the immediate catalyst: Options markets imply a potentially large post-earnings move, while investors want evidence that delayed deals closed, software growth accelerated and management’s full-year outlook remains achievable. IBM Q3 Earnings Options Move
• Negative Sentiment: Execution concerns remain: IBM’s previous quarter missed revenue expectations, and software growth was reportedly driven largely by acquisitions while organic software revenue was flat. A weak outlook or continued deal deferrals could reverse the current optimism. IBM Reports October 21

Insider Activity at International Business Machines

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

Wall Street Analyst Weigh In

A number of research firms recently commented on IBM. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Truist Financial assumed coverage on shares of International Business Machines in a research report on Friday, October 9th. They set a “hold” rating and a $240.00 target price on the stock. Citic Securities increased their target price on shares of International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup reduced their price target on shares of International Business Machines from $255.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $270.00 price target on International Business Machines and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $255.76.

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.