International Business Machines Corporation $IBM Stock: Commonwealth Equity Services LLC Reduces Stake

Commonwealth Equity Services LLC trimmed its position in International Business Machines Corporation (NYSE:IBM) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,655 shares of the technology company’s stock after selling 30,894 shares during the period. Commonwealth Equity Services LLC’s holdings in International Business Machines were worth $118,027,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of International Business Machines during the second quarter worth about $21,586,659,000. Bank of America Corp DE bought a new stake in shares of International Business Machines during the second quarter worth $4,214,868,000. Bank of New York Mellon Corp acquired a new stake in shares of International Business Machines during the second quarter worth $2,606,782,000. Legal & General Group Plc acquired a new stake in shares of International Business Machines during the second quarter worth $1,874,733,000. Finally, Wellington Management Group LLP lifted its position in International Business Machines by 2,362.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock valued at $1,841,755,000 after acquiring an additional 6,283,395 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

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 Price Performance

International Business Machines stock opened at $244.71 on Friday. The company 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. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The stock’s 50 day moving average is $236.76 and its 200-day moving average is $248.64.

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

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines’s dividend payout ratio (DPR) is 57.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. JPMorgan Chase & Co. boosted their price target on International Business Machines from $250.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Evercore reissued an “outperform” rating on shares of International Business Machines in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Morgan Stanley raised their price target on shares of International Business Machines from $238.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. Finally, Yorkville Ives initiated coverage on shares of International Business Machines in a report on Monday, October 5th. They issued an “outperform” rating and a $275.00 price objective on the stock. 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’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.88.

International Business Machines Company 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.