2,500 Shares in International Business Machines Corporation $IBM Bought by Compass Capital Management Inc.

Compass Capital Management Inc. acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 2,500 shares of the technology company’s stock, valued at approximately $550,000.

A number of other hedge funds also recently made changes to their positions in IBM. Harborfront Financial Group LLC acquired a new stake in International Business Machines during the 2nd quarter valued at $27,000. Hara Capital LLC purchased a new stake in International Business Machines during the 2nd quarter worth $28,000. Bare Financial Services Inc lifted its holdings in International Business Machines by 114.6% in the 2nd 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. Caitlin John LLC acquired a new position in International Business Machines in the 2nd quarter worth $35,000. Finally, Axiom Investment Management LLC acquired a new position in International Business Machines in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of International Business Machines from $236.00 to $243.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $270.00 target price on shares of International Business Machines in a research report on Thursday, October 22nd. Sanford C. Bernstein cut their price target on International Business Machines from $280.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday, July 23rd. Truist Financial set a $260.00 price target on International Business Machines in a report on Thursday, October 22nd. Finally, Daiwa Securities Group lowered their price objective on International Business Machines from $247.00 to $217.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus price target of $266.88.

Latest International Business Machines News

Investors following IBM have been watching these news items:

• Positive Sentiment: IBM and Microsoft launched Imagine Enterprise, an AI-agent platform designed for regulated industries, with governance, security and compliance built into workflows. The partnership strengthens IBM’s enterprise AI offering, although the revenue impact is not yet specified. Microsoft and IBM launch enterprise AI agent platform
• Positive Sentiment: An AI-powered quantum error-mitigation capability from LTM is now available in IBM’s Quantum Functions Catalog. This adds to the catalog’s functionality, though the announcement does not quantify commercial impact. LTM adds AI-powered quantum error mitigation to IBM catalog
• Neutral Sentiment: A report projects the managed learning services market will grow to $14.65 billion by 2030 and names IBM among providers scaling AI-focused learning. This points to a potential opportunity, but IBM’s expected share is not given. Global managed learning services market report

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated 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 sale, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Stock Performance

Shares of IBM opened at $247.20 on Friday. The stock has a market capitalization of $233.63 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The business’s fifty day moving average price is $238.06 and its 200 day moving average price is $247.43. 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 Corporation has a 12-month low of $199.19 and a 12-month high of $332.46.

International Business Machines (NYSE:IBM) last released its 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 analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Equities research analysts forecast that International Business Machines Corporation will post 12.42 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. Investors of record on Tuesday, November 10th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines’s dividend payout ratio is currently 57.63%.

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.