International Business Machines Corporation $IBM Shares Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. boosted its position in International Business Machines Corporation (NYSE:IBM) by 141.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,888 shares of the technology company’s stock after purchasing an additional 15,730 shares during the period. Griffin Asset Management Inc.’s holdings in International Business Machines were worth $7,561,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBM. Hunter Associates Investment Management LLC raised its holdings in International Business Machines by 1.2% during the second quarter. Hunter Associates Investment Management LLC now owns 18,007 shares of the technology company’s stock worth $5,052,000 after purchasing an additional 209 shares during the last quarter. Ignite Planners LLC grew its holdings in International Business Machines by 13.6% in the second quarter. Ignite Planners LLC now owns 4,884 shares of the technology company’s stock valued at $1,374,000 after purchasing an additional 585 shares during the last quarter. Tanager Wealth Management LLP increased its position in shares of International Business Machines by 44.9% in the second quarter. Tanager Wealth Management LLP now owns 1,436 shares of the technology company’s stock valued at $404,000 after buying an additional 445 shares in the last quarter. Welch Group LLC increased its position in shares of International Business Machines by 2.2% in the second quarter. Welch Group LLC now owns 301,425 shares of the technology company’s stock valued at $84,764,000 after buying an additional 6,623 shares in the last quarter. Finally, WMS Group LLC acquired a new position in shares of International Business Machines during the 2nd quarter worth $386,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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

Several equities research analysts recently commented on the stock. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Robert W. Baird initiated coverage on shares of International Business Machines in a research report on Tuesday, July 21st. They set a “neutral” rating and a $230.00 target price for the company. Jefferies Financial Group reduced their price target on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Barclays lowered their price target on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Finally, Needham & Company LLC assumed coverage on shares of International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating for the company. Sixteen equities 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $265.40.

International Business Machines Stock Up 1.1%

IBM opened at $236.17 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. The firm has a market cap of $222.50 billion, a P/E ratio of 20.96, a PEG 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 business’s fifty day simple moving average is $247.18 and its 200 day simple moving average is $250.88.

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, 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 firm had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. During the same quarter last year, the business posted $2.80 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines’s payout ratio is 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.