NewSquare Capital LLC Acquires 2,818 Shares of International Business Machines Corporation $IBM

NewSquare Capital LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 6.0% in the second quarter, HoldingsChannel.com reports. The firm owned 50,136 shares of the technology company’s stock after buying an additional 2,818 shares during the period. International Business Machines accounts for about 1.0% of NewSquare Capital LLC’s investment portfolio, making the stock its 18th largest holding. NewSquare Capital LLC’s holdings in International Business Machines were worth $14,099,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Erste Asset Management GmbH lifted its holdings in International Business Machines by 25.0% during the 2nd quarter. Erste Asset Management GmbH now owns 177,342 shares of the technology company’s stock worth $49,303,000 after buying an additional 35,453 shares during the period. Bay Harbor Wealth Management LLC increased its stake in shares of International Business Machines by 631.3% in the second quarter. Bay Harbor Wealth Management LLC now owns 607 shares of the technology company’s stock valued at $171,000 after buying an additional 524 shares during the period. Baldwin Investment Management LLC increased its stake in shares of International Business Machines by 6.4% in the second quarter. Baldwin Investment Management LLC now owns 7,699 shares of the technology company’s stock valued at $2,165,000 after buying an additional 460 shares during the period. Jmac Enterprises LLC raised its position in shares of International Business Machines by 8.1% during the second quarter. Jmac Enterprises LLC now owns 4,000 shares of the technology company’s stock worth $1,125,000 after acquiring an additional 300 shares during the last quarter. Finally, Ascentis Wealth Management LLC raised its position in shares of International Business Machines by 4,142.0% during the second quarter. Ascentis Wealth Management LLC now owns 501,611 shares of the technology company’s stock worth $141,000 after acquiring an additional 489,786 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 1.7%

NYSE IBM opened at $230.15 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The business has a 50 day moving average price of $245.07 and a 200-day moving average price of $249.17. The company has a market cap of $216.83 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.30 and a beta of 0.70.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same period last year, the business earned $2.80 EPS. International Business Machines’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts expect that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

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 issued a dividend of $1.69 per share. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines’s dividend payout ratio is presently 59.98%.

International Business Machines News Summary

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

• Positive Sentiment: IBM completed its acquisition of HRL Laboratories, adding expertise in quantum computing, quantum sensing, advanced communications, materials science and electronics. The deal could strengthen IBM’s long-term quantum and advanced-technology pipeline. IBM Completes Acquisition of HRL Laboratories to Accelerate the Future of Quantum
• Positive Sentiment: The company’s new dual-architecture mainframe processor, developed with Arm Holdings, can execute IBM and Arm instructions natively on the same chip. The technology could broaden IBM Z and LinuxONE’s software ecosystem, support Arm-native applications and improve IBM’s positioning in enterprise AI and infrastructure. What Could IBM Gain From Its First Dual Architecture Mainframe Processor?
• Positive Sentiment: Commentator Jim Cramer said IBM is performing better than its reputation suggests and that the stock deserves more credit. The remarks may support sentiment, although they do not materially change IBM’s fundamentals. Jim Cramer Says IBM Is a Hated Stock That Deserves Better
• Neutral Sentiment: IBM’s quantum milestone involved connecting and cooling two cryogenic modules, while broader industry spending on post-quantum cybersecurity could create future opportunities for IBM. However, these benefits remain longer-term and are difficult to translate into immediate revenue. Quantum Computing Is Raising the Stakes for Cybersecurity
• Negative Sentiment: BTIG reportedly cautioned that the quantum achievement does not yet demonstrate a commercially scalable system, tempering investor enthusiasm and contributing to pressure on IBM’s shares. IBM Stock Falls as BTIG Pours Cold Water on Quantum Computing Milestone
• Negative Sentiment: Recent earnings showed revenue of $17.16 billion, below the $17.46 billion consensus estimate, despite in-line adjusted earnings. Reports also highlighted weak mainframe sales, reinforcing concerns that IBM’s growth and new product benefits may take time to emerge.
• Negative Sentiment: A securities law firm announced an investigation related to IBM’s stock decline. Such notices are often investor-solicitation efforts and do not establish wrongdoing, but they can add near-term headline risk. IBM Securities Notice

Analysts Set New Price Targets

IBM has been the topic of several analyst reports. Oppenheimer cut International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. Susquehanna lowered their price target on shares of International Business Machines from $303.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Needham & Company LLC started coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Wedbush set a $350.00 price objective on shares of International Business Machines in a research report on Tuesday, June 2nd. 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’s stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average target price of $265.40.

International Business Machines Company Profile

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.