328,441 International Business Machines Corporation $IBM Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp increased its stake in shares of International Business Machines Corporation (NYSE:IBM) by 727.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 373,561 shares of the technology company’s stock after acquiring an additional 328,441 shares during the quarter. King Luther Capital Management Corp’s holdings in International Business Machines were worth $82,157,000 at the end of the most recent quarter.

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

International Business Machines Trading Up 1.5%

Shares of NYSE IBM opened at $248.27 on Thursday. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market cap of $234.64 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.41 and a beta of 0.78. The business’s 50 day moving average price is $237.53 and its 200-day moving average price is $247.92.

International Business Machines (NYSE:IBM) last released its earnings results 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. The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. On average, sell-side analysts expect that International Business Machines Corporation will post 12.42 earnings per share for the current year.

International Business Machines Announces Dividend

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

Analyst Ratings Changes

IBM has been the subject of a number of analyst reports. Argus lowered their price target on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Stifel Nicolaus lifted their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. BMO Capital Markets boosted their price objective on shares of International Business Machines from $230.00 to $265.00 and gave the company a “market perform” rating in a research report on Thursday, October 22nd. Barclays increased their target price 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, October 22nd. Finally, Daiwa Securities Group lowered their target price on shares of International Business Machines from $247.00 to $217.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.88.

Recent International Business Machines Headlines

Investors following IBM have been watching these headlines:

• Positive Sentiment: IBM announced its next-generation Nighthawk quantum processor, designed for 520 qubits and 10,000 quantum operations, with a roadmap to exceed 1,000 qubits in 2027. IBM says users of the current generation have reported speedups of up to 19x versus earlier IBM processors. The announcement supports IBM’s positioning in quantum computing, though broad commercial utility is still developing. IBM quantum announcement
• Positive Sentiment: IBM and Microsoft introduced an industry-focused AI-agent platform. IBM Consulting contributes more than 6,000 prebuilt agents and industry expertise, while both companies provide implementation support—an opportunity to expand consulting and cloud-related AI work. IBM and Microsoft platform announcement
• Negative Sentiment: Reports say IBM will end H-1B and green-card sponsorship for most roles in its largest unit, IBM Consulting. Requiring some employees to relocate or leave could create retention and hiring challenges, although the financial impact is unclear. Bloomberg report on IBM immigration sponsorship

Insiders Place Their Bets

In other International Business Machines news, SVP Robert Thomas sold 25,000 shares of the business’s stock in a transaction dated 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 directly owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by insiders.

International Business Machines Company 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.