International Business Machines Corporation $IBM Shares Sold by Sovran Advisors LLC

Sovran Advisors LLC reduced its stake in International Business Machines Corporation (NYSE:IBM) by 56.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,111 shares of the technology company’s stock after selling 3,979 shares during the period. Sovran Advisors LLC’s holdings in International Business Machines were worth $875,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in International Business Machines during the fourth quarter worth $28,000. SWAN Capital LLC purchased a new position in shares of International Business Machines during the third quarter worth $28,000. Bare Financial Services Inc grew its stake in shares of International Business Machines by 114.6% in the second quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock valued at $29,000 after buying an additional 55 shares in the last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the 1st quarter valued at $26,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s reported dual-architecture 2-nanometer mainframe processor, designed to run IBM and Arm workloads on the same core, strengthens its infrastructure strategy and could broaden demand among enterprise customers. The company also advanced modular cryogenic quantum systems and applied AI experiences, reinforcing its effort to connect mainframe, AI and quantum technologies. Is IBM’s Dual-Architecture 2nm Mainframe Reshaping The Investment Case for IBM?
• Positive Sentiment: Quantum computing’s potential to undermine current encryption is expected to drive post-quantum cybersecurity spending through 2030. IBM is identified as one of the companies positioned to benefit from that long-term demand. Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch
• Positive Sentiment: Recent commentary remains constructive on IBM’s valuation and income profile, suggesting investors may be willing to hold the stock while waiting for stronger growth from AI and infrastructure investments. IBM: Get Paid To Wait For Growth
• Neutral Sentiment: IBM’s US Open fan activations and sports-focused AI research increase visibility for its AI and cloud capabilities, but the marketing initiatives are unlikely to materially change near-term financial results. IBM Brings AI-Powered US Open Fan Experience Back to Madison Square Park
• Negative Sentiment: A securities law firm announced an investigation into whether IBM may have misled investors following a significant stock decline. The notice is an investor solicitation and provides no established finding of misconduct, but it adds legal and reputational uncertainty. Investor Notice: IBM Investigated for Potentially Misleading Investors
• Negative Sentiment: IBM’s latest quarterly revenue came in below analysts’ expectations, tempering enthusiasm around its growth outlook even though earnings per share matched consensus. This keeps execution and monetization of its AI initiatives as key investor concerns.

International Business Machines Trading Down 1.3%

NYSE:IBM opened at $235.78 on Friday. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year 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. The stock has a fifty day moving average price of $244.57 and a two-hundred day moving average price of $248.65. The stock has a market capitalization of $222.14 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.34 and a beta of 0.70.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on IBM. Stifel Nicolaus lowered their target price on International Business Machines from $290.00 to $235.00 and set a “buy” rating for the company in a report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a research note on Tuesday, July 21st. HSBC set a $175.00 price objective on shares of International Business Machines and gave the stock a “reduce” rating in a research report on Thursday, July 16th. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $265.40.

Insider Transactions at International Business Machines

In other news, SVP Robert David Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred 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 in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

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.