International Business Machines Corporation $IBM Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 12.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,523 shares of the technology company’s stock after selling 14,578 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in International Business Machines were worth $22,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IBM. Harborfront Financial Group LLC acquired a new position in shares of International Business Machines in the second quarter worth about $27,000. Hara Capital LLC purchased a new stake in shares of International Business Machines during the second quarter worth $28,000. Bare Financial Services Inc raised its holdings in International Business Machines by 114.6% in the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company’s stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Portus Wealth Advisors LLC purchased a new stake in shares of International Business Machines in the first quarter valued at approximately $26,000. Finally, Caitlin John LLC acquired a new stake in shares of International Business Machines in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the sale, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines News Roundup

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

• Positive Sentiment: Q3 results exceeded expectations: IBM reported adjusted earnings of $2.95 per share versus consensus estimates near $2.85-$2.88, while revenue rose approximately 5% year over year to $17.1 billion, ahead of the roughly $16.8 billion forecast. IBM beats on top and bottom lines
• Positive Sentiment: Software and infrastructure growth accelerated: Software revenue increased 8% to $7.8 billion and Infrastructure revenue rose 4% to $3.7 billion. Management said previously delayed infrastructure deals began closing, supporting the view that the prior-quarter slowdown was temporary. IBM raises annual software revenue outlook
• Positive Sentiment: Cash-flow outlook improved: IBM generated $3.0 billion in free cash flow during the quarter and expects full-year free cash flow to increase by more than $1 billion from the prior year. The company maintained its 4%-5% full-year constant-currency revenue-growth forecast. IBM third-quarter results
• Positive Sentiment: CEO Arvind Krishna highlighted momentum in enterprise AI and “Super Intelligence” initiatives, while IBM’s partnerships around open-source AI inference and its quantum-computing strategy add longer-term growth catalysts.
• Neutral Sentiment: IBM’s GAAP net income rose to $2.19 billion from $1.74 billion a year earlier, and the board declared a quarterly dividend of $1.69 per share.
• Negative Sentiment: Gross margin was narrower than expected, which could limit the benefit of revenue growth if elevated AI, infrastructure, or implementation costs persist.

International Business Machines Price Performance

Shares of NYSE IBM opened at $250.67 on Thursday. The firm has a market capitalization of $236.16 billion, a PE ratio of 22.24, a P/E/G ratio of 2.32 and a beta of 0.73. The business’s fifty day moving average price is $232.36 and its two-hundred day moving average price is $243.60. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.79 and a quick ratio of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.10. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that International Business Machines Corporation will post 12.34 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on IBM. Wall Street Zen lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. UBS Group reaffirmed a “neutral” rating on shares of International Business Machines in a research report on Tuesday, October 13th. The Goldman Sachs Group set a $270.00 price objective on shares of International Business Machines and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Jefferies Financial Group cut their price objective 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. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and a consensus target price of $255.76.

International Business Machines Company Profile

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.