International Business Machines Corporation $IBM Stock: New York Life Investment Management LLC Boosts Stake

New York Life Investment Management LLC grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,384 shares of the technology company’s stock after buying an additional 9,289 shares during the quarter. New York Life Investment Management LLC’s holdings in International Business Machines were worth $30,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. BlackRock Inc. purchased a new position in shares of International Business Machines in the 2nd quarter worth approximately $21,586,659,000. State Street Corp increased its position in shares of International Business Machines by 2.7% during the 2nd quarter. State Street Corp now owns 56,045,055 shares of the technology company’s stock valued at $15,760,430,000 after purchasing an additional 1,450,562 shares during the last quarter. Bank of America Corp DE raised its holdings in International Business Machines by 7.0% during the 1st quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company’s stock valued at $3,893,669,000 after buying an additional 1,049,602 shares during the period. Bank of New York Mellon Corp purchased a new stake in International Business Machines during the 2nd quarter valued at $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in International Business Machines by 0.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company’s stock valued at $2,143,245,000 after buying an additional 53,388 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group raised their price target on International Business Machines from $236.00 to $243.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Argus cut their price objective on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $270.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Bank of America lowered their target price on shares of International Business Machines from $330.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Finally, Citigroup lifted their price target on shares of International Business Machines from $245.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $266.88.

International Business Machines Price Performance

Shares of IBM stock opened at $244.59 on Wednesday. The company has a market capitalization of $231.17 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.42 and a beta of 0.78. The company’s 50-day simple moving average is $237.19 and its two-hundred day simple moving average is $248.14. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. As a group, equities analysts anticipate that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Announces Dividend

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 issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.8%. 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 International Business Machines stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

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.