Leo Wealth LLC Purchases 9,752 Shares of International Business Machines Corporation $IBM

Leo Wealth LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,752 shares of the technology company’s stock, valued at approximately $2,145,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC lifted its stake in International Business Machines by 6.1% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 1,810 shares of the technology company’s stock worth $398,000 after acquiring an additional 104 shares in the last quarter. Bright Futures Wealth Management LLC. grew its position in International Business Machines by 11.6% in the 3rd quarter. Bright Futures Wealth Management LLC. now owns 1,879 shares of the technology company’s stock valued at $413,000 after acquiring an additional 196 shares in the last quarter. Paladin Wealth LLC acquired a new position in International Business Machines in the 3rd quarter valued at about $347,000. Orange Investment Advisors Inc. grew its position in International Business Machines by 2.5% in the 3rd quarter. Orange Investment Advisors Inc. now owns 31,252 shares of the technology company’s stock valued at $6,874,000 after acquiring an additional 749 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA increased its stake in International Business Machines by 3.1% during the third quarter. Lederer & Associates Investment Counsel CA now owns 3,511 shares of the technology company’s stock worth $772,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Key International Business Machines News

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

• Positive Sentiment: IBM’s software segment and hybrid-cloud and enterprise AI consulting businesses remain the company’s main growth engines, supporting the case that its multiyear transformation is generating more durable cash flow. IBM Fixed Its Plumbing; Intel Became Big Tech’s Real Structural Trap
• Positive Sentiment: Quantum computing is being highlighted as a potential long-term catalyst. Progress in the technology could create a significant new growth opportunity beyond IBM’s existing cloud and consulting operations, although commercialization remains ahead. IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real Catalyst
• Positive Sentiment: CEO Arvind Krishna’s view that open-weight AI models deliver performance close to frontier models at substantially lower cost could encourage broader enterprise AI adoption, potentially benefiting IBM’s consulting and implementation services. IBM CEO Says Open AI Models Are 90% as Good as Frontier Models
• Neutral Sentiment: IBM is attracting increased investor attention, while analysts continue to assess its earnings outlook and competitive position relative to Salesforce and other technology companies. IBM Is Attracting Investor Attention
• Negative Sentiment: Valuation is a concern: commentary questions whether IBM is already priced above its fundamentals and whether investors are paying too much relative to rivals. That could limit near-term upside, particularly because quantum computing is a longer-term opportunity rather than an immediate earnings driver. Are You Overpaying For IBM Stock Versus Its Rivals?

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays raised their price objective on shares of International Business Machines from $262.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup lifted their price objective on shares of International Business Machines from $245.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. UBS Group upped their target price on shares of International Business Machines from $236.00 to $243.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America reduced their target price on shares of International Business Machines from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.12.

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the completion of the transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. The trade was a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

International Business Machines Trading Down 0.2%

NYSE:IBM opened at $253.04 on Tuesday. The firm has a market cap of $239.15 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.73. The stock has a fifty day moving average price of $233.06 and a 200 day moving average price of $251.16. International Business Machines Corporation has a 12-month low of $199.19 and a 12-month high of $332.46. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $16.82 billion. During the same period in the previous year, the firm posted $2.65 EPS. International Business Machines’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that International Business Machines Corporation will post 12.41 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.