International Business Machines Corporation $IBM Stock Position Cut by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 231,195 shares of the technology company’s stock after selling 4,255 shares during the quarter. Keybank National Association OH’s holdings in International Business Machines were worth $50,847,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Friday Financial lifted its stake in shares of International Business Machines by 1.9% in the second quarter. Friday Financial now owns 1,903 shares of the technology company’s stock worth $583,000 after buying an additional 35 shares in the last quarter. Trinity Wealth Management LLC grew its holdings in shares of International Business Machines by 2.3% during the second quarter. Trinity Wealth Management LLC now owns 1,695 shares of the technology company’s stock valued at $477,000 after buying an additional 38 shares during the last quarter. Pettinga Financial Advisors LLC increased its position in shares of International Business Machines by 3.6% during the second quarter. Pettinga Financial Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $307,000 after acquiring an additional 38 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of International Business Machines by 4.6% during the second quarter. HHM Wealth Advisors LLC now owns 928 shares of the technology company’s stock valued at $261,000 after acquiring an additional 41 shares in the last quarter. Finally, CKW Financial Group increased its position in shares of International Business Machines by 2.1% during the third quarter. CKW Financial Group now owns 2,024 shares of the technology company’s stock valued at $457,000 after acquiring an additional 41 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer lowered shares of International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $300.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Yorkville Ives began coverage on International Business Machines in a report on Monday, October 5th. They issued an “outperform” rating and a $275.00 target price for the company. JPMorgan Chase & Co. lifted their target price on International Business Machines from $250.00 to $269.00 and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Finally, Jefferies Financial Group boosted their price target on International Business Machines from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. 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. According to data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $266.88.

Insider Buying and Selling

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $244.59 on Wednesday. The firm’s 50-day moving average price is $237.19 and its 200-day moving average price is $248.14. International Business Machines Corporation has a 52-week low of $199.19 and a 52-week high of $332.46. The company has a market cap of $231.17 billion, a PE ratio of 20.85, a PEG ratio of 2.42 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.10. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 earnings per share. As a group, analysts anticipate that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

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

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM and Microsoft announced an industry-focused AI agent platform, combining Microsoft’s cloud and AI technology with IBM Consulting’s more than 6,000 pre-built agents and implementation expertise. The partnership could help IBM win enterprise AI work. IBM and Microsoft announce AI agent platform
• Positive Sentiment: IBM deployed its first quantum computer in Illinois, building research and industry partnerships and supporting plans for 750 technology jobs. The move strengthens IBM’s quantum-computing presence, though commercial returns may take time. IBM quantum system in Illinois
• Positive Sentiment: IBM’s Apptio unit expanded tools for tracking and planning AI spending, including connections to leading AI systems. This may help enterprises manage costs and could support demand for IBM’s software offerings. Apptio expands AI spending tools
• Neutral Sentiment: Quantum X Labs reported up to 20% fewer decoding failures in preliminary tests using three IBM quantum processors. The results showcase use of IBM hardware, but IBM said it is not affiliated with or endorsing the company or results, limiting the direct business significance. Quantum X Labs benchmarks on IBM processors
• Negative Sentiment: The EU is suing IBM and two partners over delays in the bloc’s smart border system rollout. The case adds legal and reputational risk; reports did not specify potential damages. EU lawsuit over border system delays
• Negative Sentiment: IBM plans to end visa and green-card sponsorship for the majority of roles in its largest unit, consulting. The policy may reduce some costs, but could also make recruiting and retaining international talent more difficult. IBM consulting immigration sponsorship changes

International Business Machines Company Profile

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.