CFO Capital Management LLC Purchases Shares of 8,668 International Business Machines Corporation $IBM

CFO Capital Management LLC bought a new stake in International Business Machines Corporation (NYSE:IBM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,668 shares of the technology company’s stock, valued at approximately $2,567,000. International Business Machines accounts for about 1.9% of CFO Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Family CFO Inc acquired a new position in International Business Machines in the 4th quarter valued at $25,000. Basepoint Wealth LLC bought a new position in shares of International Business Machines in the 4th quarter valued at $25,000. Joseph Group Capital Management bought a new stake in International Business Machines during the 4th quarter worth approximately $28,000. Cornerstone Financial Management LLC bought a new position in shares of International Business Machines during the fourth quarter worth about $28,000. Finally, SWAN Capital LLC bought a new position in shares of International Business Machines in the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

Analyst Ratings Changes

A number of research analysts have recently issued reports on IBM shares. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. BMO Capital Markets cut their price objective on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a report on Thursday, May 28th. Finally, Stifel Nicolaus set a $290.00 target price on International Business Machines in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Trading Up 0.2%

Shares of IBM stock opened at $249.72 on Friday. The firm has a market capitalization of $234.71 billion, a PE ratio of 22.08, a PEG ratio of 2.58 and a beta of 0.67. The stock has a fifty day simple moving average of $251.46 and a two-hundred day simple moving average of $268.77. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a dividend of $1.69 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. International Business Machines’s payout ratio is 59.77%.

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.