29,452 Shares in International Business Machines Corporation $IBM Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 29,452 shares of the technology company’s stock, valued at approximately $8,282,000.

A number of other large investors also recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after buying an additional 211,040 shares in the last quarter. Assetmark Inc. raised its position in shares of International Business Machines by 24.8% in the first 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. GLOBALT Investments LLC GA boosted its stake in shares of International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 2,930 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after acquiring an additional 3,029 shares during the period. Finally, Rice Partnership LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at about $3,317,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines News Summary

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

• Positive Sentiment: New Lightwell program expands IBM and Red Hat’s cybersecurity reach. The companies will provide more than 185 universities and 100 NGOs and think tanks with free access to Lightwell, an AI-assisted platform that identifies, validates and fixes open-source software vulnerabilities. The initiative could strengthen IBM’s enterprise and public-interest technology profile, although it is unlikely to generate significant near-term revenue. IBM and Red Hat Offer Lightwell at No Charge
• Positive Sentiment: IBM’s sovereign-AI partnership in India supports its growth narrative. IBM and Sarvam are targeting India’s public sector with sovereign AI solutions, while analysts continue to cite hybrid-cloud demand and improving estimates as potential catalysts. IBM Sovereign AI Solutions for India
• Positive Sentiment: Management continues to promote quantum computing as a long-term growth driver. CEO Arvind Krishna said quantum could begin making a measurable contribution to revenue and profit in 2028 or 2029. That outlook reinforces IBM’s strategic positioning, though the opportunity remains several years away. IBM Quantum Computing Outlook
• Neutral Sentiment: Trading and analyst data show continued investor interest but mixed institutional conviction. Quiver reported two recent insider purchases, while institutional investors both added and reduced positions. Its survey of analyst targets showed a median target of $310, suggesting substantial upside relative to the latest trading level, but these figures are not company guidance.
• Negative Sentiment: Two law firms announced investigations into IBM. Pomerantz and Bleichmar Fonti & Auld are examining potential investor claims related to alleged misrepresentations involving IBM Z products. The announcements are largely solicitation-driven and do not establish wrongdoing, but they add headline and litigation risk after the stock’s recent weakness. Pomerantz IBM Investor Alert

International Business Machines Trading Up 3.9%

Shares of International Business Machines stock opened at $235.04 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The firm has a market capitalization of $221.44 billion, a PE ratio of 20.86, a P/E/G ratio of 2.22 and a beta of 0.70. The firm’s 50-day moving average price is $260.82 and its 200 day moving average price is $256.37.

International Business Machines (NYSE:IBM) last posted 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 return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the business earned $2.80 EPS. International Business Machines’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Corporation will post 12.34 EPS for the current fiscal year.

International Business Machines Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IBM shares. Roth Capital reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Bank of America raised their price objective on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a report on Monday, July 6th. Wall Street Zen cut International Business Machines from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Argus reduced their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Finally, Susquehanna decreased their target price on International Business Machines from $303.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $265.40.

About International Business Machines

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.