19,181 International Business Machines Corporation $IBM Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators increased its position in International Business Machines Corporation (NYSE:IBM) by 21.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,281 shares of the technology company’s stock after acquiring an additional 19,181 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in International Business Machines were worth $24,254,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Assetmark Inc. grew 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 worth $15,624,000 after buying an additional 12,791 shares in the last quarter. Flputnam Investment Management Co. purchased a new stake in shares of International Business Machines during the 2nd quarter valued at $15,237,000. Beacon Investment Advisory Services Inc. raised its position in shares of International Business Machines by 939.4% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock valued at $8,575,000 after buying an additional 27,561 shares in the last quarter. St. Louis Financial Planners Asset Management LLC lifted its holdings in shares of International Business Machines by 34.6% during the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after acquiring an additional 3,659 shares during the last quarter. Finally, Evercore Wealth Management LLC lifted its holdings in shares of International Business Machines by 9.0% during the 1st 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. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other International Business Machines 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 sale, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

International Business Machines Trading Down 1.3%

Shares of IBM opened at $244.91 on Friday. The firm has a market cap of $231.47 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.44 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The firm has a 50 day moving average price of $237.80 and a 200-day moving average price of $247.66.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $16.82 billion. During the same quarter in the prior year, the company earned $2.65 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that International Business Machines Corporation will post 12.42 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 annualized dividend and a yield of 2.8%. International Business Machines’s payout ratio is currently 57.63%.

Recent International Business Machines Headlines

Investors following IBM have been watching these headlines:

• Positive Sentiment: Partner LTM made its AI-powered quantum error-mitigation capability available through IBM’s Quantum Functions Catalog, expanding the platform’s tools and partner ecosystem. LTM quantum error mitigation announcement
• Neutral Sentiment: IBM’s new digital-sovereignty index found widespread difficulty among enterprises in proving control over data and AI systems. This may highlight demand for IBM’s consulting and technology solutions, but also underscores customer risks as AI adoption and regulation grow. IBM Digital Sovereignty Index
• Negative Sentiment: IBM plans to end H-1B and green-card sponsorship for many roles in its U.S. consulting unit, reportedly its largest business. The move may reduce immigration-related costs or reflect policy constraints, but could make it harder to retain and recruit specialized workers and create disruption for affected teams. IBM to end immigration sponsorship for roles in biggest unit

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Citigroup upped their target price on shares of International Business Machines from $245.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Yorkville Ives initiated coverage on International Business Machines in a research note on Monday, October 5th. They set an “outperform” rating and a $275.00 price target for the company. Morgan Stanley lifted their price target on International Business Machines from $238.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. Stifel Nicolaus upped their price objective on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings lowered International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.88.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.