International Business Machines Corporation $IBM Stock Position Lowered by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC lessened its stake in International Business Machines Corporation (NYSE:IBM) by 53.3% in the third quarter, HoldingsChannel reports. The fund owned 8,511 shares of the technology company’s stock after selling 9,697 shares during the period. Castle Rock Wealth Management LLC’s holdings in International Business Machines were worth $1,883,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBM. Bill Few Associates Inc. grew its position in International Business Machines by 10.1% during the 3rd quarter. Bill Few Associates Inc. now owns 21,821 shares of the technology company’s stock worth $4,799,000 after acquiring an additional 2,006 shares during the last quarter. Avity Investment Management Inc. increased its stake in International Business Machines by 1.8% in the 3rd quarter. Avity Investment Management Inc. now owns 53,216 shares of the technology company’s stock worth $11,704,000 after purchasing an additional 945 shares during the period. Bullock Wealth Management Group lifted its position in International Business Machines by 2.9% in the third quarter. Bullock Wealth Management Group now owns 2,949 shares of the technology company’s stock valued at $665,000 after purchasing an additional 83 shares during the last quarter. Riversedge Advisors LLC lifted its position in International Business Machines by 20.7% in the third quarter. Riversedge Advisors LLC now owns 2,172 shares of the technology company’s stock valued at $478,000 after purchasing an additional 373 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of International Business Machines by 6.3% during the third quarter. Wedmont Private Capital now owns 13,128 shares of the technology company’s stock valued at $2,975,000 after purchasing an additional 779 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Business Machines

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

Wall Street Analyst Weigh In

IBM has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of International Business Machines from $293.00 to $190.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group dropped their price target on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. KeyCorp cut shares of International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Finally, Craig Hallum began coverage on shares of International Business Machines in a research note on Wednesday, August 19th. They set a “buy” rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $252.96.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM advanced to Stage C of DARPA’s Quantum Benchmarking Initiative, putting its hardware and architecture through independent verification. The company is targeting a fault-tolerant quantum computer by 2029, giving investors a potential long-term growth catalyst and external validation of its technology roadmap. IBM Wins DARPA’s Quantum Stamp of Approval
• Positive Sentiment: IBM launched Ready for SAP Solutions, a consulting offering designed to help midsize and fast-growing companies modernize SAP cloud ERP systems using AI, integrated data and automation. The initiative could support consulting demand and strengthen IBM’s relationship with SAP customers. IBM and SAP ERP modernization partnership
• Positive Sentiment: IBM Consulting’s second-quarter profit rose 15.1% to $647 million despite nearly flat revenue, indicating improved delivery economics and margin expansion. Separately, an IBM security partnership helped keep the cybersecurity sector in focus, potentially highlighting demand for IBM’s security capabilities. IBM Consulting profit growth
• Neutral Sentiment: Truist Securities initiated coverage with a Hold rating and a $240 price target. The firm sees IBM’s long-term enterprise-computing position positively but said the timing of AI-driven demand and near-term execution remain uncertain. Truist starts IBM at Hold
• Negative Sentiment: IBM’s mainframe revenue reportedly fell 42% in fiscal second quarter, while distributed infrastructure rose 37%; total revenue increased only 1% to approximately $17.2 billion. The contrast underscores pressure on a legacy business and raises questions about the durability of IBM’s growth outlook. IBM mainframe revenue decline
• Negative Sentiment: Analysts continue to cite IBM’s second-quarter execution shortfall, including large deals that closed later than expected. That caution is limiting enthusiasm despite the stock’s lower valuation and the company’s longer-term AI and quantum opportunities. IBM Stock Looks Cheap

International Business Machines Trading Up 0.1%

NYSE:IBM traded up $0.30 during trading hours on Friday, hitting $226.91. The company had a trading volume of 3,349,049 shares, compared to its average volume of 7,538,434. The company has a market capitalization of $213.78 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.10 and a beta of 0.73. The stock has a 50-day moving average price of $232.24 and a 200 day moving average price of $244.09. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period in the prior year, the business earned $2.80 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines’s dividend payout ratio is presently 59.98%.

International Business Machines Company Profile

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.