Neville Rodie & Shaw Inc. Reduces Position in International Business Machines Corporation $IBM

Neville Rodie & Shaw Inc. cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,047 shares of the technology company’s stock after selling 4,113 shares during the quarter. International Business Machines makes up approximately 1.3% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 21st largest holding. Neville Rodie & Shaw Inc.’s holdings in International Business Machines were worth $20,260,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of International Business Machines during the 4th quarter valued at approximately $2,446,429,000. Capital World Investors boosted its holdings in International Business Machines by 29.2% in the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after buying an additional 4,976,756 shares during the period. Price T Rowe Associates Inc. MD grew its stake in International Business Machines by 83.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock valued at $1,663,847,000 after buying an additional 2,553,552 shares in the last quarter. Corient Private Wealth LLC grew its stake in International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after buying an additional 1,484,026 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after acquiring an additional 1,439,824 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna dropped their target price on International Business Machines from $303.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Citigroup reduced their price target on International Business Machines from $255.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wolfe Research lowered International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus dropped their price objective on International Business Machines from $290.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings downgraded International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Fifteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $265.40.

International Business Machines Stock Performance

International Business Machines stock opened at $226.33 on Tuesday. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year 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. The firm has a market capitalization of $213.23 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.19 and a beta of 0.70. The firm’s 50 day simple moving average is $261.15 and its 200 day simple moving average is $256.89.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting the consensus estimate of $2.93. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. As a group, analysts expect that International Business Machines Corporation will post 12.34 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. Investors of record on Monday, August 10th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 3.0%. International Business Machines’s dividend payout ratio (DPR) is currently 59.98%.

More International Business Machines News

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

• Positive Sentiment: IBM CEO Arvind Krishna said quantum computing could begin contributing measurably to revenue and profit in 2028 or 2029, with the company viewing the technology as a potential major long-term opportunity. The comments reinforce IBM’s growth narrative beyond its traditional infrastructure and software businesses. IBM’s Arvind Krishna Predicts Quantum Computing Will Become a Meaningful Business by 2028
• Positive Sentiment: Investors remained focused on IBM’s AI momentum and margin expansion despite the company’s latest quarterly revenue miss. Earnings per share matched expectations, while revenue rose year over year, supporting the view that AI-related demand may improve IBM’s growth and profitability. ETFs in Spotlight as IBM Rallies Post-Q2 Earnings Despite Top-Line Miss
• Positive Sentiment: IBM’s planned acquisition of HRL Laboratories is being viewed as an expansion of its quantum-computing capabilities. The deal could strengthen IBM’s research position and accelerate commercialization, although financial details and the precise strategic benefits were not provided. IBM’s Quantum Bet Just Got Bigger—What the HRL Deal Means for Investors
• Neutral Sentiment: IBM Vice Chairman Gary Cohn said Federal Reserve officials are trying to reduce Wall Street’s dependence on central-bank guidance and encourage decisions based more on economic data. The comments may influence broader market sentiment but do not materially change IBM’s fundamentals. IBM’s Gary Cohn Says Kevin Warsh Is Trying To Break Wall Street’s Fed Addiction
• Negative Sentiment: A securities law firm announced an investigation into potential misrepresentations concerning IBM Z products following the stock’s broader decline. The announcement is largely an investor-solicitation notice, and no wrongdoing has been established, but it adds headline and litigation risk. IBM Investigation Notice
• Negative Sentiment: Circle’s purchase of approximately 1,000 IBM blockchain patents raises concerns about potential patent enforcement or licensing disputes in the blockchain industry. IBM receives proceeds from the sale, but the transaction could create uncertainty around intellectual-property exposure. Circle bought 1,000 IBM blockchain patents

International Business Machines 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.