QRG Capital Management Inc. Has $48.56 Million Position in International Business Machines Corporation $IBM

QRG Capital Management Inc. lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 6.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 172,688 shares of the technology company’s stock after acquiring an additional 10,627 shares during the period. QRG Capital Management Inc.’s holdings in International Business Machines were worth $48,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IBM. BlackRock Inc. acquired a new stake in International Business Machines in the second quarter valued at approximately $21,586,659,000. Bank of America Corp DE acquired a new position in shares of International Business Machines during the second quarter worth $4,214,868,000. Bank of New York Mellon Corp acquired a new position in shares of International Business Machines during the second quarter worth $2,606,782,000. Norges Bank bought a new position in shares of International Business Machines in the 4th quarter valued at $2,446,429,000. Finally, Legal & General Group Plc bought a new position in shares of International Business Machines in the 2nd quarter valued at $1,874,733,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. Argus reduced their price objective on International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Wolfe Research lowered International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. Bank of America boosted their price target on International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Citigroup lowered their price objective on International Business Machines from $255.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $265.16.

Insider Activity at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total value of $5,758,000.00. Following the transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Trading Up 0.5%

NYSE IBM traded up $1.22 on Wednesday, reaching $232.60. The company had a trading volume of 4,535,667 shares, compared to its average volume of 7,677,564. The firm has a market cap of $219.14 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 2.21 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The business has a 50 day moving average of $230.25 and a two-hundred day moving average of $246.41. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.During the same period last year, the company earned $2.80 EPS. International Business Machines’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 10th. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM’s z17 mainframe was installed at Marist University’s new Innovation Incubator for AI, finance and polling research. The initiative strengthens IBM’s long-standing university relationship and showcases its mainframe and AI capabilities, although it is not expected to create a material near-term revenue contribution. IBM Gains 2.2% as z17 Enters an Agentic AI Laboratory
• Positive Sentiment: Analysts highlighted IBM’s annual recurring revenue as a key growth indicator. Continued expansion in recurring revenue could help offset a disappointing quarter and support the company’s longer-term hybrid-cloud and software growth story. Can This Number Push IBM Stock Higher?
• Positive Sentiment: IBM and NASA released an open Lunar Foundation Model, while IBM, Lockheed Martin and ETH Zurich launched a quantum innovation hub. These projects expand IBM’s visibility in scientific AI and quantum computing, with potential applications in aerospace, materials science and financial services. What Do IBM Lunar AI and Quantum Hub Moves Mean for Investors?
• Positive Sentiment: Hashgraph Group added its IDTrust AI identity platform to the IBM Cloud Catalog and entered a global partnership, potentially broadening IBM Cloud’s ecosystem and enterprise use cases. Hashgraph Group Lists IDTrust AI Identity Platform on IBM Cloud Catalog

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.