International Business Machines Corporation $IBM Stock Position Lowered by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC reduced its position in International Business Machines Corporation (NYSE:IBM) by 78.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the technology company’s stock after selling 4,021 shares during the period. Carnegie Lake Advisors LLC’s holdings in International Business Machines were worth $242,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in International Business Machines during the 2nd quarter worth approximately $21,586,659,000. Bank of America Corp DE purchased a new stake in shares of International Business Machines in the second quarter valued at $4,214,868,000. Bank of New York Mellon Corp acquired a new stake in shares of International Business Machines in the second quarter worth $2,606,782,000. Legal & General Group Plc acquired a new stake in shares of International Business Machines in the second quarter worth $1,874,733,000. Finally, Wellington Management Group LLP boosted its position in shares of International Business Machines by 2,362.2% in the second quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock worth $1,841,755,000 after buying an additional 6,283,395 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Down 0.1%

NYSE IBM opened at $244.71 on Monday. 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 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $231.28 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78. The firm’s fifty day simple moving average is $236.76 and its 200-day simple moving average is $248.64.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $2.65 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.8%. International Business Machines’s dividend payout ratio (DPR) is 57.63%.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on International Business Machines from $235.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. UBS Group raised their price objective on International Business Machines from $236.00 to $243.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Bank of America decreased their price objective on International Business Machines from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, July 15th. Yorkville Ives initiated coverage on International Business Machines in a research note on Monday, October 5th. They set an “outperform” rating and a $275.00 target price on the stock. Finally, Evercore reiterated an “outperform” rating on shares of International Business Machines in a report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $266.88.

Key International Business Machines News

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

• Positive Sentiment: Evercore’s sum-of-the-parts analysis values IBM at $290 a share, above its $275 price target, suggesting the firm sees potential value in IBM’s businesses, including quantum computing. IBM Stock Could Be More Than a ‘Safe Haven.’ Quantum Computing Is a Big Reason
• Positive Sentiment: IBM’s Quantum System Two is now operational at the University of Chicago, expanding its quantum-computing presence and partnerships in Illinois. The installation strengthens IBM’s research and commercialization ecosystem, though financial returns are likely longer term. IBM Unveils Its Most Advanced Quantum Computer in Chicago
• Positive Sentiment: IBM, AMD and Oak Ridge National Laboratory launched a platform combining quantum and high-performance computing to advance quantum error correction, supporting IBM’s technology roadmap. The initiative targets progress toward a scientifically relevant quantum computer by 2028. Oak Ridge National Laboratory, IBM, and AMD Launch New Co-Design Platform for Quantum Error Correction
• Neutral Sentiment: A recent valuation commentary questions whether IBM’s cash-flow outlook supports the stock’s longer-term share-price gains. The excerpt does not provide a firm valuation conclusion, but it highlights investor scrutiny of the company’s price relative to future cash generation. IBM Stock Could Trade At A Discount After Quantum Computing News

Insider Activity

In other news, SVP Robert Thomas sold 25,000 shares of International Business Machines 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 sale, the senior vice president directly owned 47,800 shares in the company, valued at $11,009,296. The trade was a 34.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.