Banque Cantonale Vaudoise Grows Position in International Business Machines Corporation $IBM

Banque Cantonale Vaudoise grew its position in International Business Machines Corporation (NYSE:IBM) by 35.5% during the first quarter, HoldingsChannel.com reports. The fund owned 68,220 shares of the technology company’s stock after acquiring an additional 17,885 shares during the quarter. International Business Machines comprises 0.6% of Banque Cantonale Vaudoise’s investment portfolio, making the stock its 22nd biggest position. Banque Cantonale Vaudoise’s holdings in International Business Machines were worth $16,535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC grew its stake in shares of International Business Machines by 1.4% in the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after buying an additional 33 shares in the last quarter. Foster Group Inc. grew its position in International Business Machines by 1.3% in the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after acquiring an additional 33 shares in the last quarter. New Covenant Trust Company N.A. grew its position in International Business Machines by 3.8% in the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock worth $264,000 after acquiring an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. increased its stake in International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after acquiring an additional 33 shares during the last quarter. Finally, Altman Advisors Inc. raised its position in International Business Machines by 0.3% during the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock valued at $2,802,000 after purchasing an additional 34 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM announced a partnership with OpenAI through the Daybreak Cyber Partner Program, expanding its AI-powered cybersecurity offering and potentially opening a new growth avenue for enterprise security work. IBM and OpenAI Bring Frontier AI to Cyber Defense–Helping Enterprises Keep Pace with Machine-Speed Threats
• Positive Sentiment: JPMorgan upgraded IBM to Overweight/Buy and raised its price target to $291, citing improving confidence in IBM’s software growth and AI adoption story. IBM Stock Resists Tech Slump as J.P. Morgan Cheers Its Software Makeover
• Positive Sentiment: IBM also benefited from renewed enthusiasm around its quantum computing strategy after U.S. policy moves highlighted IBM as a key domestic quantum winner and boosted sentiment toward the company’s long-term technology roadmap.
• Neutral Sentiment: Recent coverage noted strong investor attention and heavier-than-usual trading in IBM, suggesting momentum is being driven more by headlines and analyst action than by a new earnings release.
• Neutral Sentiment: IBM extended $2.5 billion of syndicated credit facilities, improving liquidity and financial flexibility, but this is more of a balance-sheet support item than a direct earnings catalyst. IBM Extends Syndicated Credit Facilities, Enhancing Liquidity
• Negative Sentiment: Some commentary warned that despite the recent rally, IBM may face limits to further near-term upside if software estimate revisions or broader tech weakness cool enthusiasm.

International Business Machines Stock Performance

IBM stock opened at $262.71 on Thursday. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The firm has a market cap of $246.92 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.74 and a beta of 0.67. The business’s fifty day simple moving average is $252.95 and its two-hundred day simple moving average is $267.58. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. Analysts predict that International Business Machines Corporation will post 12.39 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.6%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is currently 59.77%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBM. Susquehanna started coverage on International Business Machines in a research note on Tuesday. They issued a “neutral” rating for the company. Citigroup boosted their target price on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group initiated coverage on International Business Machines in a report on Tuesday. They set a “buy” rating on the stock. JPMorgan Chase & Co. upgraded International Business Machines from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $270.00 to $291.00 in a research report on Tuesday. Finally, HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $306.94.

International Business Machines Company 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.