International Business Machines Corporation $IBM Shares Acquired by Evercore Wealth Management LLC

Evercore Wealth Management LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 9.0% during the 1st quarter, Holdings Channel reports. The fund owned 62,801 shares of the technology company’s stock after buying an additional 5,196 shares during the quarter. Evercore Wealth Management LLC’s holdings in International Business Machines were worth $15,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. McGowan Group Asset Management Inc. raised its stake in International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after purchasing an additional 33 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of International Business Machines by 2.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 1,700 shares of the technology company’s stock valued at $504,000 after buying an additional 34 shares during the period. Exencial Wealth Advisors LLC grew its stake in shares of International Business Machines by 0.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 7,874 shares of the technology company’s stock valued at $2,332,000 after buying an additional 34 shares during the period. Howard Capital Management Inc. increased its holdings in shares of International Business Machines by 0.5% during the 4th quarter. Howard Capital Management Inc. now owns 6,793 shares of the technology company’s stock worth $2,012,000 after buying an additional 35 shares during the last quarter. Finally, Prasad Wealth Partners LLC increased its holdings in shares of International Business Machines by 1.0% during the 4th quarter. Prasad Wealth Partners LLC now owns 3,604 shares of the technology company’s stock worth $1,068,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM’s blockchain intellectual property attracted a strategic buyer. Circle is acquiring more than 680 patent families, representing nearly 1,000 issued patents worldwide, covering blockchain, banking, insurance, enterprise infrastructure and supply-chain applications. The transaction validates IBM’s technology portfolio and could provide proceeds while allowing Circle to expand its USDC stablecoin and payments businesses. Financial terms were not disclosed. USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents
• Neutral Sentiment: The patent deal appears strategically positive but has limited immediate financial visibility. Coverage highlights IBM’s role in blockchain infrastructure and Circle’s view that the acquisition creates a leading U.S. blockchain patent position. However, IBM did not disclose the purchase price, so investors cannot yet assess the transaction’s near-term earnings or cash-flow impact. Circle Buys IBM’s Blockchain Patents to Boost Payments Network
• Negative Sentiment: Legal and operating concerns continue to weigh on IBM’s investment case. Bleichmar Fonti & Auld announced an investigation into potential securities-fraud claims following IBM’s recent stock decline and disclosures involving a deal shortfall and slower product momentum. The investigation is an allegation, not a finding of wrongdoing, but it adds headline and litigation risk. IBM Investigation: BFA Law Reviews Potential Securities Fraud Claims
• Negative Sentiment: Recent earnings commentary remains a key overhang. IBM’s latest quarter matched adjusted EPS expectations but revenue came in below consensus, while management acknowledged execution problems and a slowdown in products. Reports also point to customers directing more AI budgets toward hardware, raising questions about IBM’s ability to capture growth from enterprise AI spending. IBM Survived One AI Scare in February. This One Might Be Different.

Analyst Ratings Changes

A number of research firms recently commented on IBM. Barclays decreased their price objective on International Business Machines from $288.00 to $262.00 and set an “overweight” rating on the stock in a report on Thursday. KeyCorp cut International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a research report on Thursday, July 16th. Bank of America upped their price target on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, Susquehanna lowered their price target on International Business Machines from $303.00 to $225.00 and set a “neutral” rating for the company in a report on Friday. Fifteen 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.40.

International Business Machines Stock Performance

NYSE:IBM opened at $215.93 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a market capitalization of $202.95 billion, a P/E ratio of 19.16, a PEG ratio of 2.10 and a beta of 0.68. The company has a 50 day moving average price of $262.78 and a 200 day moving average price of $259.65. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The firm had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter last year, the firm earned $2.80 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts forecast that International Business Machines Corporation will post 12.34 EPS for the current 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 3.1%. International Business Machines’s payout ratio is presently 59.98%.

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.