Sawyer & Company Inc Makes New $550,000 Investment in International Business Machines Corporation $IBM

Sawyer & Company Inc purchased a new stake in International Business Machines Corporation (NYSE:IBM) in the third quarter, Holdings Channel.com reports. The fund purchased 2,500 shares of the technology company’s stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock valued at $15,624,000 after buying an additional 12,791 shares in the last quarter. Flputnam Investment Management Co. acquired a new stake in International Business Machines during the 2nd quarter valued at $15,237,000. Beacon Investment Advisory Services Inc. increased its position in International Business Machines by 939.4% during the second quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock worth $8,575,000 after buying an additional 27,561 shares in the last quarter. St. Louis Financial Planners Asset Management LLC increased its position in International Business Machines by 34.6% during the second quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after buying an additional 3,659 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its holdings in shares of International Business Machines by 9.0% in the first quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock worth $15,222,000 after acquiring an additional 5,196 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Buying and Selling

In other news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. This represents a 34.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is owned by company insiders.

More International Business Machines News

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

• Positive Sentiment: Analysts expect third-quarter earnings per share of approximately $2.86–$2.87, representing about 8% year-over-year growth, on revenue of roughly $16.82–$16.84 billion. A beat, stronger guidance, or evidence that delayed deals are closing could support a rebound. IBM Q3 Earnings Preview: Wall Street Expects 8% EPS Growth
• Positive Sentiment: IBM’s software business, including Red Hat, hybrid cloud, and automation, remains the company’s main growth and profit engine. Rising enterprise AI adoption and partnerships could strengthen the investment case if management confirms accelerating software demand. IBM: Software Segment The Key Breadwinner
• Positive Sentiment: IBM is expanding its enterprise-AI positioning through an investment in Leena AI and the launch of the open-source llm-d 1.0 inference platform with Red Hat, Google Cloud, CoreWeave, and NVIDIA. These initiatives may improve IBM’s relevance in scalable, cost-efficient AI workloads, although near-term financial benefits are uncertain. IBM Introduces llm-d 1.0 for Enterprise AI Inference

Analysts Set New Price Targets

Several research analysts recently weighed in on IBM shares. Citic Securities boosted their target price on shares of International Business Machines from $294.00 to $297.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Evercore lowered their price target on shares of International Business Machines from $310.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, July 16th. BMO Capital Markets cut their price objective on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Truist Financial started coverage on shares of International Business Machines in a research note on Friday, October 9th. They set a “hold” rating and a $240.00 price objective on the stock. Finally, Citigroup decreased 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 report on Friday, July 24th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $255.76.

International Business Machines Trading Up 1.2%

International Business Machines stock traded up $2.84 during trading on Wednesday, hitting $244.76. The company’s stock had a trading volume of 2,338,352 shares, compared to its average volume of 7,425,147. The stock has a market capitalization of $230.60 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 2.27 and a beta of 0.73. The stock’s fifty day moving average is $232.07 and its 200 day moving average is $243.58. 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.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The firm had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts predict that International Business Machines Corporation will post 12.34 EPS for the current year.

International Business Machines Company Profile

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.