International Business Machines Corporation $IBM Shares Bought by New Republic Capital LLC

New Republic Capital LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 144.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,163 shares of the technology company’s stock after purchasing an additional 3,637 shares during the period. New Republic Capital LLC’s holdings in International Business Machines were worth $1,733,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Avail Investment Partners LLC increased its stake in shares of International Business Machines by 25.8% during the 2nd quarter. Avail Investment Partners LLC now owns 4,111 shares of the technology company’s stock worth $1,156,000 after purchasing an additional 844 shares in the last quarter. Calamos Wealth Management LLC grew its holdings in International Business Machines by 1.0% during the 2nd quarter. Calamos Wealth Management LLC now owns 8,319 shares of the technology company’s stock valued at $2,339,000 after buying an additional 79 shares during the last quarter. DB&C Advisors LLC increased its position in International Business Machines by 0.4% during the second quarter. DB&C Advisors LLC now owns 17,968 shares of the technology company’s stock worth $5,053,000 after buying an additional 69 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of International Business Machines by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 251,572 shares of the technology company’s stock worth $70,745,000 after acquiring an additional 6,579 shares during the last quarter. Finally, Associated Banc Corp raised its holdings in shares of International Business Machines by 1.6% in the second quarter. Associated Banc Corp now owns 18,395 shares of the technology company’s stock worth $5,173,000 after acquiring an additional 281 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM opened at $235.78 on Monday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The company’s 50 day simple moving average is $244.57 and its 200 day simple moving average is $248.32. The stock has a market capitalization of $222.14 billion, a PE ratio of 20.92, a P/E/G ratio of 2.31 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. International Business Machines’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 earnings per share. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Robert David Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The stock was 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 approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

IBM has been the subject of a number of recent research reports. Wedbush set a $350.00 price objective on International Business Machines in a research report on Tuesday, June 2nd. Susquehanna reduced their target price on shares of International Business Machines from $303.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Barclays decreased their price target on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Finally, Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $265.40.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

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.