International Business Machines Corporation $IBM Stake Reduced by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its stake in International Business Machines Corporation (NYSE:IBM) by 37.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,566 shares of the technology company’s stock after selling 8,589 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in International Business Machines were worth $4,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Karras Company Inc. boosted its holdings in shares of International Business Machines by 2.7% during the second quarter. Karras Company Inc. now owns 8,782 shares of the technology company’s stock valued at $2,469,000 after acquiring an additional 230 shares during the period. Cornerstone Wealth Management LLC increased its holdings in shares of International Business Machines by 5.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 46,058 shares of the technology company’s stock worth $12,952,000 after acquiring an additional 2,584 shares during the period. McElhenny Sheffield Capital Management LLC lifted its position in International Business Machines by 16.7% in the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 2,537 shares of the technology company’s stock valued at $713,000 after purchasing an additional 363 shares during the last quarter. Robbins Farley lifted its position in International Business Machines by 1.9% in the 2nd quarter. Robbins Farley now owns 9,016 shares of the technology company’s stock valued at $2,535,000 after purchasing an additional 167 shares during the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in International Business Machines by 46.1% during the 2nd quarter. Capital Advisors Inc. OK now owns 363,488 shares of the technology company’s stock valued at $102,217,000 after purchasing an additional 114,709 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: Industry research projects the global hyperscale data-center market will expand from $162.79 billion in 2024 to $608.54 billion by 2030, driven by AI, machine learning and cloud-computing demand. This supports IBM’s infrastructure, consulting and hybrid-cloud opportunities, although the report is not an IBM-specific contract announcement. Hyperscale Data Center Market Surges to $608.54 billion
• Positive Sentiment: IBM’s modular cryogenic technology is designed to help scale its quantum systems toward 1,000 programmable qubits and support its Quantum Starling plans by 2029. The development strengthens IBM’s technology narrative and long-term growth potential, though commercial revenue benefits remain several years away. Can IBM Scale Quantum Computing With Its New Cryogenic Systems?
• Positive Sentiment: A power producer and Cohesive received an award for improving workplace safety using IBM Maximo, providing third-party recognition of the software’s industrial asset-management capabilities. The item is supportive of IBM’s enterprise-software credibility but does not indicate a material near-term financial impact. CEPR and Cohesive Receive Maximo Award
• Neutral Sentiment: A Zacks review notes that IBM has risen 13.1% since its latest earnings report, indicating continued investor support after the results. However, the company’s reported revenue missed expectations while earnings per share matched estimates, leaving valuation and execution important considerations. Why Is IBM Up Since Its Last Earnings Report?
• Negative Sentiment: Bleichmar Fonti & Auld announced an investigation into potential securities-law violations related to IBM’s prior stock decline. The notice appears to be an investor-solicitation announcement rather than a finding of wrongdoing, but it can weigh on sentiment and introduce potential legal risk. IBM Ongoing Investigation

Wall Street Analyst Weigh In

IBM has been the subject of several recent analyst reports. Weiss Ratings cut shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Oppenheimer downgraded International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Piper Sandler raised International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Needham & Company LLC began coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $270.00 target price on shares of International Business Machines in a research note on Tuesday, July 21st. Sixteen investment 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. Based on data from MarketBeat.com, International Business Machines has an average rating of “Moderate Buy” and an average price target of $265.40.

International Business Machines Stock Up 1.1%

IBM stock opened at $236.17 on Friday. The firm’s 50-day moving average is $247.18 and its two-hundred day moving average is $250.88. The company has a market capitalization of $222.50 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.31 and a beta of 0.70. International Business Machines Corporation has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.80 earnings per share. On average, analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. International Business Machines’s payout ratio is currently 59.98%.

About International Business Machines

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.