International Business Machines Corporation $IBM Stock Purchased by Kimelman & Baird LLC

Kimelman & Baird LLC grew its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,171 shares of the technology company’s stock after buying an additional 2,075 shares during the quarter. International Business Machines accounts for 1.7% of Kimelman & Baird LLC’s portfolio, making the stock its 20th largest position. Kimelman & Baird LLC’s holdings in International Business Machines were worth $24,230,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBM. Assetmark Inc. boosted its holdings in International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock worth $15,624,000 after acquiring an additional 12,791 shares during the period. Flputnam Investment Management Co. acquired a new stake in International Business Machines in the second quarter valued at approximately $15,237,000. Beacon Investment Advisory Services Inc. grew its position in International Business Machines by 939.4% in the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock valued at $8,575,000 after acquiring an additional 27,561 shares in the last quarter. St. Louis Financial Planners Asset Management LLC grew its position in International Business Machines by 34.6% in the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock valued at $4,121,000 after acquiring an additional 3,659 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its stake in shares of International Business Machines by 9.0% during the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock valued at $15,222,000 after purchasing an additional 5,196 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

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 transaction of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Trending Headlines about International Business Machines

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 Trading Down 1.0%

NYSE:IBM opened at $244.71 on Friday. The company has a market cap of $231.28 billion, a PE ratio of 20.86, a P/E/G ratio of 2.41 and a beta of 0.78. The business’s 50 day moving average is $236.76 and its two-hundred day moving average is $248.64. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 EPS. On average, analysts predict that International Business Machines Corporation will post 12.41 EPS for the current year.

International Business Machines Announces Dividend

The firm 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 $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines’s payout ratio is currently 57.63%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent research reports. HSBC reduced their target price on shares of International Business Machines from $175.00 to $174.00 in a research report on Friday, July 24th. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Susquehanna set a $275.00 price target on shares of International Business Machines in a research note on Friday. BMO Capital Markets lifted their price target on shares of International Business Machines from $230.00 to $265.00 and gave the stock a “market perform” rating in a research note on Thursday, October 22nd. Finally, Citigroup boosted their price objective on shares of International Business Machines from $245.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $266.88.

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.