International Business Machines Corporation $IBM Position Lifted by United Capital Management of KS Inc.

United Capital Management of KS Inc. increased its stake in International Business Machines Corporation (NYSE:IBM) by 4.2% during the 3rd quarter, Holdings Channel reports. The firm owned 68,223 shares of the technology company’s stock after purchasing an additional 2,743 shares during the quarter. International Business Machines comprises approximately 2.0% of United Capital Management of KS Inc.’s portfolio, making the stock its 18th biggest holding. United Capital Management of KS Inc.’s holdings in International Business Machines were worth $15,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in International Business Machines in the 2nd quarter worth approximately $21,586,659,000. Bank of America Corp DE bought a new position in shares of International Business Machines in the 2nd quarter worth $4,214,868,000. Bank of New York Mellon Corp purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $2,606,782,000. Legal & General Group Plc purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $1,874,733,000. Finally, Wellington Management Group LLP raised its position in shares of International Business Machines by 2,362.2% during 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 buying an additional 6,283,395 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBM shares. Jefferies Financial Group upped their target price on shares of International Business Machines from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Sanford C. Bernstein reduced their target price on International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday, July 23rd. Citigroup raised their price target on International Business Machines from $245.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Oppenheimer lowered International Business Machines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Finally, Truist Financial set a $260.00 price objective on International Business Machines in a report on Thursday, October 22nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $266.88.

Trending Headlines about 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 Trading Up 0.5%

IBM stock opened at $246.32 on Tuesday. The company has a market capitalization of $232.80 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company’s 50 day moving average price is $236.97 and its two-hundred day moving average price is $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 (NYSE:IBM) last announced its quarterly earnings data 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. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. During the same period in the previous year, the business posted $2.65 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

About International Business Machines

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.