Fulcrum Wealth Advisors LLC Has $2.94 Million Stock Holdings in International Business Machines Corporation $IBM

Fulcrum Wealth Advisors LLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 22.3% in the second quarter, Holdings Channel.com reports. The fund owned 10,462 shares of the technology company’s stock after selling 3,007 shares during the quarter. International Business Machines accounts for approximately 2.2% of Fulcrum Wealth Advisors LLC’s portfolio, making the stock its 18th largest position. Fulcrum Wealth Advisors LLC’s holdings in International Business Machines were worth $2,942,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IBM. Wealthedge Investment Advisors LLC bought a new stake in International Business Machines in the second quarter valued at about $622,000. Orange Investment Advisors Inc. lifted its stake in International Business Machines by 4.5% during the second quarter. Orange Investment Advisors Inc. now owns 30,503 shares of the technology company’s stock worth $8,578,000 after purchasing an additional 1,309 shares during the period. bLong Financial LLC boosted its holdings in International Business Machines by 1.1% during the second quarter. bLong Financial LLC now owns 6,472 shares of the technology company’s stock valued at $1,820,000 after purchasing an additional 70 shares in the last quarter. Norris Perne & French LLP MI boosted its holdings in International Business Machines by 22.0% during the second quarter. Norris Perne & French LLP MI now owns 2,543 shares of the technology company’s stock valued at $715,000 after purchasing an additional 458 shares in the last quarter. Finally, Novem Group grew its stake in shares of International Business Machines by 54.7% in the 2nd quarter. Novem Group now owns 11,644 shares of the technology company’s stock valued at $3,274,000 after purchasing an additional 4,117 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IBM shares. 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 report on Monday, July 6th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a report on Thursday, July 16th. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a research report on Friday, April 24th. Jefferies Financial Group cut their price target on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Wedbush set a $350.00 price target on shares of International Business Machines in a research report on Tuesday, June 2nd. Sixteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $265.40.

International Business Machines Stock Performance

IBM stock opened at $233.40 on Friday. The company has a 50 day moving average price of $247.90 and a 200 day moving average price of $250.98. 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 1.63, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a market capitalization of $219.89 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 2.33 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $2.80 EPS. Analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is currently 59.98%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM successfully connected and cooled two modular cryogenic systems to below 15 millikelvin, creating an architecture intended to link hundreds of quantum chips. The company says the design supports its goal of a 1,000-programmable-qubit system and the planned Quantum Starling fault-tolerant computer in 2029. IBM Connects Its First Modular Cryogenic Systems in Milestone Toward Fault-Tolerant Quantum Computing
• Positive Sentiment: The quantum announcement has generated favorable coverage and previously supported gains in IBM shares, reinforcing the company’s positioning in the emerging quantum-computing race. If IBM meets its roadmap, the technology could create a significant long-term growth opportunity beyond its traditional software, consulting and infrastructure businesses. IBM Clears Major Hardware Hurdle on the Path to Its Quantum Supercomputer
• Neutral Sentiment: IBM-related customer news highlighted continued use of IBM Maximo software for industrial safety and asset management. The award provides third-party validation for the platform, but its near-term financial impact appears limited. CEPR and Cohesive Receive Maximo Award for Power Plant Health and Safety Excellence
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations following IBM’s substantial recent decline. The announcement does not establish wrongdoing, but it adds headline and litigation risk while potentially undermining investor confidence. IBM Investor Reminder: Securities Fraud Investigation
• Negative Sentiment: Recent earnings showed revenue below analyst expectations even though EPS matched consensus, while commentary comparing IBM with Accenture questioned IBM’s relative dividend and financial appeal. With the stock below its 50-day and 200-day moving averages, investors may be demanding clearer near-term growth before assigning more value to the quantum opportunity. IBM vs. Accenture: The Better Dividend Stock May Surprise You

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.