9,752 Shares of International Business Machines Corporation $IBM Bought by Leo Wealth LLC

Leo Wealth LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 9,752 shares of the technology company’s stock, valued at approximately $2,145,000.

A number of other large investors have also recently made changes to their positions in the company. Portus Wealth Advisors LLC acquired a new stake in International Business Machines during the 1st quarter worth approximately $26,000. Harborfront Financial Group LLC purchased a new stake in shares of International Business Machines during the second quarter worth approximately $27,000. Hara Capital LLC purchased a new stake in shares of International Business Machines during the second quarter worth approximately $28,000. Bare Financial Services Inc raised its stake in shares of International Business Machines by 114.6% during the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after purchasing an additional 55 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of International Business Machines during the second quarter worth $35,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM’s software segment and hybrid-cloud and enterprise AI consulting businesses remain the company’s main growth engines, supporting the case that its multiyear transformation is generating more durable cash flow. IBM Fixed Its Plumbing; Intel Became Big Tech’s Real Structural Trap
• Positive Sentiment: Quantum computing is being highlighted as a potential long-term catalyst. Progress in the technology could create a significant new growth opportunity beyond IBM’s existing cloud and consulting operations, although commercialization remains ahead. IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real Catalyst
• Positive Sentiment: CEO Arvind Krishna’s view that open-weight AI models deliver performance close to frontier models at substantially lower cost could encourage broader enterprise AI adoption, potentially benefiting IBM’s consulting and implementation services. IBM CEO Says Open AI Models Are 90% as Good as Frontier Models
• Neutral Sentiment: IBM is attracting increased investor attention, while analysts continue to assess its earnings outlook and competitive position relative to Salesforce and other technology companies. IBM Is Attracting Investor Attention
• Negative Sentiment: Valuation is a concern: commentary questions whether IBM is already priced above its fundamentals and whether investors are paying too much relative to rivals. That could limit near-term upside, particularly because quantum computing is a longer-term opportunity rather than an immediate earnings driver. Are You Overpaying For IBM Stock Versus Its Rivals?

International Business Machines Stock Performance

Shares of IBM stock opened at $253.04 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The stock has a 50 day simple moving average of $233.06 and a 200-day simple moving average of $251.16. The company has a market cap of $239.15 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.73. 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 posted 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. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. During the same period in the previous year, the business earned $2.65 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that International Business Machines Corporation will post 12.41 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is 57.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Daiwa Securities Group lowered their price objective on shares of International Business Machines from $247.00 to $217.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley upped their price objective on shares of International Business Machines from $238.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research note on Saturday. Citic Securities raised their target price on shares of International Business Machines from $294.00 to $297.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of International Business Machines from $250.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $266.12.

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 sale, the senior vice president directly owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.