Rice Partnership LLC Purchases 10,591 Shares of International Business Machines Corporation $IBM

Rice Partnership LLC increased its holdings in International Business Machines Corporation (NYSE:IBM) by 81.0% in the second quarter, Holdings Channel reports. The fund owned 23,667 shares of the technology company’s stock after purchasing an additional 10,591 shares during the quarter. International Business Machines accounts for approximately 0.8% of Rice Partnership LLC’s portfolio, making the stock its 28th largest position. Rice Partnership LLC’s holdings in International Business Machines were worth $6,655,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in International Business Machines during the fourth quarter valued at approximately $28,000. SWAN Capital LLC bought a new position in International Business Machines in the third quarter worth approximately $28,000. Bare Financial Services Inc raised its stake in International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after buying an additional 55 shares in the last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in International Business Machines during the first quarter worth $26,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

More International Business Machines News

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IBM shares. Robert W. Baird began coverage on International Business Machines in a report on Tuesday, July 21st. They issued a “neutral” rating and a $230.00 price target on the stock. Piper Sandler raised International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group cut their target price on International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Sanford C. Bernstein reissued a “market perform” rating on shares of International Business Machines in a research report on Thursday, July 16th. Finally, Argus lowered their price target on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus price target of $265.40.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by insiders.

International Business Machines Stock Down 1.3%

International Business Machines stock opened at $235.78 on Friday. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The business has a fifty day moving average price of $244.57 and a 200-day moving average price of $248.65. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a market capitalization of $222.14 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.34 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the company posted $2.80 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. International Business Machines’s dividend payout ratio is 59.98%.

International Business Machines Company 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.