QRG Capital Management Inc. Has $48.56 Million Holdings in International Business Machines Corporation $IBM

QRG Capital Management Inc. lifted its position in International Business Machines Corporation (NYSE:IBM) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,688 shares of the technology company’s stock after buying an additional 10,627 shares during the quarter. QRG Capital Management Inc.’s holdings in International Business Machines were worth $48,562,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBM. Friday Financial raised its stake in International Business Machines by 1.9% in the 2nd quarter. Friday Financial now owns 1,903 shares of the technology company’s stock valued at $583,000 after acquiring an additional 35 shares during the period. First Command Advisory Services Inc. boosted its position in International Business Machines by 1.1% during the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company’s stock worth $1,025,000 after purchasing an additional 36 shares during the period. Argent Advisors Inc. increased its holdings in shares of International Business Machines by 0.8% in the fourth quarter. Argent Advisors Inc. now owns 4,655 shares of the technology company’s stock valued at $1,379,000 after purchasing an additional 37 shares during the last quarter. Weik Capital Management raised its position in shares of International Business Machines by 0.6% in the fourth quarter. Weik Capital Management now owns 6,162 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 37 shares during the period. Finally, MSH Capital Advisors LLC raised its position in shares of International Business Machines by 1.8% in the fourth quarter. MSH Capital Advisors LLC now owns 2,172 shares of the technology company’s stock valued at $643,000 after purchasing an additional 38 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE IBM traded up $1.22 during mid-day trading on Wednesday, reaching $232.60. The company had a trading volume of 4,535,667 shares, compared to its average volume of 7,677,564. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The firm has a market cap of $219.14 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 2.21 and a beta of 0.71. The business’s 50-day simple moving average is $230.25 and its 200 day simple moving average is $246.41.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. The business had revenue of $17.16 billion during the quarter, compared to analysts’ expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. International Business Machines’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.80 earnings per share. On average, research analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 10th were issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 10th. International Business Machines’s dividend payout ratio is 59.98%.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines 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 transaction, the senior vice president directly owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a report on Thursday, July 16th. Wall Street Zen cut shares of International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Barclays reduced their price objective on International Business Machines from $288.00 to $262.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group set a $270.00 target price on International Business Machines in a research report on Thursday, July 23rd. Seventeen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.16.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM’s z17 mainframe was installed at Marist University’s new Innovation Incubator for AI, finance and polling research. The initiative strengthens IBM’s long-standing university relationship and showcases its mainframe and AI capabilities, although it is not expected to create a material near-term revenue contribution. IBM Gains 2.2% as z17 Enters an Agentic AI Laboratory
• Positive Sentiment: Analysts highlighted IBM’s annual recurring revenue as a key growth indicator. Continued expansion in recurring revenue could help offset a disappointing quarter and support the company’s longer-term hybrid-cloud and software growth story. Can This Number Push IBM Stock Higher?
• Positive Sentiment: IBM and NASA released an open Lunar Foundation Model, while IBM, Lockheed Martin and ETH Zurich launched a quantum innovation hub. These projects expand IBM’s visibility in scientific AI and quantum computing, with potential applications in aerospace, materials science and financial services. What Do IBM Lunar AI and Quantum Hub Moves Mean for Investors?
• Positive Sentiment: Hashgraph Group added its IDTrust AI identity platform to the IBM Cloud Catalog and entered a global partnership, potentially broadening IBM Cloud’s ecosystem and enterprise use cases. Hashgraph Group Lists IDTrust AI Identity Platform on IBM Cloud Catalog

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.