504,297 International Business Machines Corporation $IBM Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors decreased its position in shares of International Business Machines Corporation (NYSE:IBM) by 99.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,343 shares of the technology company’s stock after selling 504,297 shares during the quarter. Kelleher Financial Advisors’ holdings in International Business Machines were worth $515,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Harborfront Financial Group LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at approximately $27,000. Hara Capital LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth approximately $28,000. Bare Financial Services Inc boosted its position in shares of International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock worth $29,000 after acquiring an additional 55 shares in the last quarter. Caitlin John LLC acquired a new stake in shares of International Business Machines during the 2nd quarter worth approximately $35,000. Finally, Osbon Capital Management LLC bought a new position in International Business Machines in the second quarter valued at approximately $37,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBM shares. Sanford C. Bernstein lowered their price objective on shares of International Business Machines from $280.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday, July 23rd. Argus reduced their target price on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Evercore reduced their target price on International Business Machines from $310.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. HSBC decreased their price target on International Business Machines from $175.00 to $174.00 in a research note on Friday, July 24th. Finally, Citic Securities boosted their price target on International Business Machines from $294.00 to $297.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.12.

International Business Machines Trading Up 1.8%

IBM opened at $254.50 on Thursday. The company’s 50 day moving average is $236.29 and its 200-day moving average is $249.17. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year 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. The company has a market cap of $240.53 billion, a P/E ratio of 21.70, a PEG ratio of 2.46 and a beta of 0.78.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.10. The company 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 firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 EPS. Equities research analysts predict that International Business Machines Corporation will post 12.41 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, December 10th. Shareholders of record on Tuesday, November 10th will be given a $1.69 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is currently 57.63%.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM hardware was used in a quantum-encryption trial with Quantum X Labs, demonstrating a potential commercial use for its Heron r2 processor in securing sensitive communications. This could help showcase IBM’s quantum infrastructure beyond research. International Business Machines Puts Quantum Encryption To Work On Heron R2
• Positive Sentiment: A separate report highlighted IBM’s AI agent, security and infrastructure launches, along with its renewal as the U.S. Open’s AI and cloud partner through 2031. These offerings and the partnership may reinforce IBM’s positioning in enterprise AI and cloud services. How Investors Are Reacting To IBM AI Product Launches
• Neutral Sentiment: Coverage noted that IBM’s shares had fallen 18.5% over the past year amid AI-disruption worries, margin pressure and stiff competition. Hybrid-cloud demand and rising earnings estimates were cited as potential offsets, leaving the outlook mixed. IBM Plummets 18.5% in the Past Year: Time to Reassess the Stock?
• Negative Sentiment: A comparison with Salesforce characterized IBM’s sales growth as slower and revenue as more volatile, which could weigh on investor confidence in the consistency of its expansion. Salesforce vs. IBM: Comparing Consistent Revenue Expansion Against Slow Sales Growth

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.