International Business Machines Corporation (NYSE:IBM - Get Free Report) SVP Robert David Thomas sold 25,000 shares of the company's 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 directly owned 47,800 shares of the company's stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
International Business Machines Trading Down 1.3%
NYSE:IBM opened at $235.78 on Friday. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The firm has a 50-day moving average price of $244.57 and a two-hundred day moving average price of $248.65. 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 firm has a market cap of $222.14 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 2.34 and a beta of 0.70.
International Business Machines (NYSE:IBM - Get Free Report) last announced its 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 firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 EPS. On average, equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.
International Business Machines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines's payout ratio is currently 59.98%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new stake in International Business Machines in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in International Business Machines during the first quarter worth about $26,000. Harborfront Financial Group LLC bought a new position in International Business Machines during the second quarter worth about $27,000. Joseph Group Capital Management purchased a new position in shares of International Business Machines in the fourth quarter worth about $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 58.96% of the company's stock.
International Business Machines News Summary
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.
Analysts Set New Price Targets
Several brokerages have recently issued reports on IBM. Susquehanna decreased their target price on International Business Machines from $303.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Sanford C. Bernstein reissued a "market perform" rating on shares of International Business Machines in a report on Thursday, July 16th. Bank of America raised their price objective on shares of International Business Machines from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, July 6th. Craig Hallum began coverage on shares of International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating on the stock. Finally, Citigroup dropped their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Sixteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $265.40.
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International Business Machines Company Profile
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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.
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