Private Advisory Group LLC Makes New Investment in International Business Machines Corporation $IBM

Private Advisory Group LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the third quarter, HoldingsChannel.com reports. The firm purchased 54,883 shares of the technology company’s stock, valued at approximately $12,070,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Legacy Trust grew its stake in International Business Machines by 43.3% during the third quarter. Legacy Trust now owns 2,695 shares of the technology company’s stock worth $593,000 after buying an additional 814 shares during the period. Ariadne Wealth Management LP increased its position in shares of International Business Machines by 18.1% in the third quarter. Ariadne Wealth Management LP now owns 2,026 shares of the technology company’s stock worth $446,000 after acquiring an additional 310 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators increased its position in shares of International Business Machines by 21.1% in the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 110,281 shares of the technology company’s stock worth $24,254,000 after acquiring an additional 19,181 shares in the last quarter. Van Strum & Towne Inc. raised its stake in shares of International Business Machines by 3.3% in the 3rd quarter. Van Strum & Towne Inc. now owns 31,588 shares of the technology company’s stock valued at $6,947,000 after acquiring an additional 1,001 shares during the period. Finally, Endeavor Private Wealth Inc. raised its stake in shares of International Business Machines by 11.7% in the 3rd quarter. Endeavor Private Wealth Inc. now owns 3,313 shares of the technology company’s stock valued at $729,000 after acquiring an additional 346 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Business Machines

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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IBM has been the topic of several recent research reports. Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Evercore reiterated an “outperform” rating on shares of International Business Machines in a report on Friday, November 6th. Sanford C. Bernstein cut their price objective on International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings lowered International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Finally, Argus reduced their price objective on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $266.88.

International Business Machines Stock Down 1.3%

Shares of NYSE:IBM opened at $244.91 on Friday. The company has a market capitalization of $231.47 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.44 and a beta of 0.78. The company has a 50 day moving average of $237.80 and a two-hundred day moving average of $247.66. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. 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 (NYSE:IBM) last posted its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. As a group, analysts forecast that International Business Machines Corporation will post 12.42 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines’s payout ratio is 57.63%.

International Business Machines News Roundup

Investors following IBM have been watching these news items:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed to perform 10,000 operations across 520 qubits, with a roadmap to exceed 1,000 qubits in 2027. IBM says partners have run more than 34 billion circuits on the current generation, reporting speedups of up to 19 times versus earlier IBM processors. The advances strengthen IBM’s long-term position in quantum computing, though broad commercial benefits are likely still developing. IBM Quantum Nighthawk announcement
• Positive Sentiment: IBM acquired cybersecurity company AuthMind, adding to its push in security. The report provides no deal terms, so the near-term financial impact is unclear. IBM acquires AuthMind
• Positive Sentiment: Partner LTM made its AI-powered quantum error-mitigation capability available through IBM’s Quantum Functions Catalog, expanding the platform’s tools and partner ecosystem. LTM quantum error mitigation announcement

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.