CoreCap Advisors LLC Purchases 7,490 Shares of International Business Machines Corporation $IBM

CoreCap Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,392 shares of the technology company’s stock after buying an additional 7,490 shares during the quarter. CoreCap Advisors LLC’s holdings in International Business Machines were worth $10,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. McGowan Group Asset Management Inc. increased its stake in shares of International Business Machines by 1.2% in the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after purchasing an additional 33 shares during the period. Exencial Wealth Advisors LLC boosted its stake in International Business Machines by 0.4% during the 4th quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company’s stock valued at $2,332,000 after purchasing an additional 34 shares during the period. Howard Capital Management Inc. grew its holdings in International Business Machines by 0.5% in the 4th quarter. Howard Capital Management Inc. now owns 6,793 shares of the technology company’s stock valued at $2,012,000 after buying an additional 35 shares during the last quarter. Prasad Wealth Partners LLC lifted its holdings in shares of International Business Machines by 1.0% during the fourth quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company’s stock worth $1,068,000 after buying an additional 35 shares during the last quarter. Finally, Orca Wealth Management LLC boosted its position in shares of International Business Machines by 3.7% in the fourth quarter. Orca Wealth Management LLC now owns 975 shares of the technology company’s stock valued at $285,000 after acquiring an additional 35 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Up 3.9%

Shares of IBM stock opened at $235.04 on Wednesday. The firm has a fifty day moving average of $260.82 and a 200-day moving average of $256.37. The stock has a market cap of $221.44 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.22 and a beta of 0.70. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. 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 issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.34 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IBM shares. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group decreased their price target on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Robert W. Baird assumed coverage on shares of International Business Machines in a report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 price objective on the stock. Morgan Stanley cut their price objective on shares of International Business Machines from $293.00 to $190.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Finally, Bank of America upped their price target on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a report on Monday, July 6th. Fifteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $265.40.

International Business Machines Profile

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.