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, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,500 shares of the technology company’s stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Assetmark Inc. boosted 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 last quarter. Flputnam Investment Management Co. acquired a new position in International Business Machines during the second quarter worth approximately $15,237,000. Beacon Investment Advisory Services Inc. increased its position in International Business Machines by 939.4% during the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock worth $8,575,000 after purchasing an additional 27,561 shares during the last quarter. St. Louis Financial Planners Asset Management LLC raised its stake in International Business Machines by 34.6% during the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after purchasing an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in International Business Machines by 9.0% during the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock worth $15,222,000 after purchasing an additional 5,196 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Robert Thomas sold 25,000 shares of the company’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 completion of the sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. This represents 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.

Key Headlines Impacting International Business Machines

Investors following IBM have been watching these headlines:

• 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
• Neutral Sentiment: IBM’s new Digital Sovereignty Index says many organizations struggle to demonstrate control over their data and AI systems. That could increase demand for governance and resilience solutions, while also highlighting risks customers must address as AI adoption grows. IBM warns enterprises about AI sovereignty gaps

International Business Machines Trading Up 1.0%

NYSE IBM opened at $247.20 on Friday. The firm has a market capitalization of $233.63 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.41 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The company’s 50 day moving average price is $238.06 and its 200 day moving average price is $247.43.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. During the same period in the previous year, the firm earned $2.65 earnings per share. International Business Machines’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines’s payout ratio is presently 57.63%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBM. Citic Securities lifted their price target on shares of International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Evercore restated an “outperform” rating on shares of International Business Machines in a report on Friday, November 6th. BMO Capital Markets increased their target price on International Business Machines from $230.00 to $265.00 and gave the stock a “market perform” rating in a research report on Thursday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 target price on shares of International Business Machines in a report on Thursday, October 22nd. Finally, Susquehanna set a $275.00 price target on International Business Machines in a research report on Friday, November 6th. Nineteen equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.88.

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.