International Business Machines Corporation $IBM Shares Purchased by Jacobi Capital Management LLC

Jacobi Capital Management LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,787 shares of the technology company’s stock after acquiring an additional 2,074 shares during the period. Jacobi Capital Management LLC’s holdings in International Business Machines were worth $6,331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBM. Friday Financial boosted its stake in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after purchasing an additional 35 shares during the period. Trinity Wealth Management LLC grew its holdings in International Business Machines by 2.3% during the 2nd quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company’s stock valued at $477,000 after buying an additional 38 shares in the last quarter. Pettinga Financial Advisors LLC grew its holdings in International Business Machines by 3.6% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $307,000 after buying an additional 38 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of International Business Machines by 4.6% during the second quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company’s stock valued at $261,000 after buying an additional 41 shares during the last quarter. Finally, CKW Financial Group raised its position in shares of International Business Machines by 2.1% during the third quarter. CKW Financial Group now owns 2,024 shares of the technology company’s stock valued at $457,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $248.27 on Thursday. The stock has a market capitalization of $234.64 billion, a PE ratio of 21.17, a P/E/G ratio of 2.41 and a beta of 0.78. The business has a 50 day simple moving average of $237.53 and a two-hundred day simple moving average of $247.92. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.85 and a quick ratio of 0.80. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

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 analysts’ consensus estimates of $2.85 by $0.10. The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 EPS. On average, research analysts predict that International Business Machines Corporation will post 12.42 EPS for the current fiscal 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 $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 dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is 57.63%.

Latest International Business Machines News

Here’s some of the latest news about IBM:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum announcement
• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Neutral Sentiment: IBM’s Digital Sovereignty Index highlights customer demand for help managing AI and data-control risks: 94% of surveyed enterprises encountered a sovereignty challenge, and AI-related issues were the most common. The findings may support demand for IBM’s services, but also underscore significant implementation and compliance challenges for businesses. IBM Digital Sovereignty Index

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IBM shares. HSBC lowered their target price on shares of International Business Machines from $175.00 to $174.00 in a report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $250.00 to $269.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a report on Thursday, October 22nd. Citic Securities boosted their price target 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, Yorkville Ives started coverage on shares of International Business Machines in a research note on Monday, October 5th. They issued an “outperform” rating and a $275.00 price target on the stock. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.