International Business Machines Corporation $IBM Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 18.1% during the 3rd quarter, Holdings Channel reports. The fund owned 18,458 shares of the technology company’s stock after selling 4,087 shares during the period. Kingswood Wealth Advisors LLC’s holdings in International Business Machines were worth $4,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. increased its position in International Business Machines by 11.6% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 1,879 shares of the technology company’s stock valued at $413,000 after purchasing an additional 196 shares during the period. Paladin Wealth LLC bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $347,000. Orange Investment Advisors Inc. lifted its position in shares of International Business Machines by 2.5% in the 3rd quarter. Orange Investment Advisors Inc. now owns 31,252 shares of the technology company’s stock worth $6,874,000 after purchasing an additional 749 shares during the period. Lederer & Associates Investment Counsel CA lifted its position in shares of International Business Machines by 3.1% in the 3rd quarter. Lederer & Associates Investment Counsel CA now owns 3,511 shares of the technology company’s stock worth $772,000 after purchasing an additional 105 shares during the period. Finally, Swmg LLC boosted its stake in shares of International Business Machines by 4.0% during the third quarter. Swmg LLC now owns 1,355 shares of the technology company’s stock valued at $298,000 after purchasing an additional 52 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction dated Wednesday, August 26th. The stock was 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 owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBM shares. Royal Bank Of Canada reissued an “outperform” rating and set a $270.00 price objective on shares of International Business Machines in a report on Thursday, October 22nd. Argus lowered their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Stifel Nicolaus upped their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Evercore dropped their target price on International Business Machines from $310.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price target on shares of International Business Machines in a report on Thursday. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.12.

International Business Machines Trading Down 0.2%

NYSE IBM opened at $253.04 on Tuesday. The company has a fifty day simple moving average of $233.06 and a two-hundred day simple moving average of $251.16. The stock has a market cap of $239.15 billion, a P/E ratio of 21.57, a P/E/G 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. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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. The firm had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. On average, analysts forecast that International Business Machines Corporation will post 12.41 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a dividend of $1.69 per share. 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 payout ratio is currently 57.63%.

International Business Machines News Summary

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?

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.