Sequoia Financial Advisors LLC Grows Stock Position in International Business Machines Corporation $IBM

Sequoia Financial Advisors LLC boosted its position in International Business Machines Corporation (NYSE:IBM) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,104 shares of the technology company’s stock after buying an additional 14,178 shares during the period. Sequoia Financial Advisors LLC’s holdings in International Business Machines were worth $62,177,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IBM. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in International Business Machines in the first quarter valued at about $26,000. Joseph Group Capital Management purchased a new stake in International Business Machines in the 4th quarter valued at approximately $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines in the 4th quarter valued at approximately $28,000. Finally, SWAN Capital LLC purchased a new position in shares of International Business Machines during the 3rd quarter worth approximately $28,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 2.5%

IBM opened at $228.53 on Tuesday. 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 company has a market cap of $215.31 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.30 and a beta of 0.70. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The business’s fifty day moving average is $250.33 and its two-hundred day moving average is $252.43.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same quarter last year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts anticipate that International Business Machines Corporation will post 12.33 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, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. International Business Machines’s payout ratio is presently 59.98%.

More International Business Machines News

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

• Positive Sentiment: AI growth strategy remains a potential catalyst. Coverage highlights IBM’s efforts to compete in the enterprise AI market, including a strategic move in the Nvidia-focused AI race. Broader demand for agentic AI could support IBM’s consulting, software and hybrid-cloud businesses. IBM Makes Surprise Move in Nvidia AI Race
• Positive Sentiment: Commercial and government demand provides support. Arrow Electronics expanded its IBM distribution agreement to seven additional European countries, potentially broadening IBM’s channel reach. Quiver Quantitative also reported approximately $1.15 billion in IBM government-contract award payments over the past year. Arrow Electronics adds seven countries to distribution coverage with IBM
• Positive Sentiment: Several market indicators remain constructive. IBM insiders made two open-market purchases and no sales during the past six months. Institutional activity was mixed but included sizable additions by JPMorgan, Sixth Street Partners, Wellington Management, FMR and Bank of New York Mellon. The median analyst price target of $310 is also well above the recent trading level, although targets are not guarantees. IBM stock data and analyst targets
• Neutral Sentiment: Valuation-focused investors see both opportunity and risk. One analysis argues IBM’s AI and recurring-revenue strengths are attractive after the stock moved well below its 52-week high, while noting that the company recently reported one of its weakest mainframe quarters in years. IBM’s Strengths Are The Reason to Buy Today
• Negative Sentiment: Legal overhang is adding to selling pressure. Bleichmar Fonti & Auld announced an investigation into potential securities fraud following IBM’s reported Z mainframe-product slowdown and a significant stock decline. The investigation is only an allegation at this stage, but it increases uncertainty around management disclosures and IBM’s near-term outlook. IBM Securities Fraud Investigation

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBM. Citigroup reduced their price target on International Business Machines from $255.00 to $245.00 and set a “buy” rating for the company in a report on Friday, July 24th. Needham & Company LLC started coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Roth Capital restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, HSBC set a $175.00 price target on shares of International Business Machines and gave the company a “reduce” rating in a report on Thursday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $265.40.

About International Business Machines

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.