International Business Machines Corporation $IBM Holdings Lifted by Apella Capital LLC

Apella Capital LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 70.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,985 shares of the technology company’s stock after buying an additional 6,207 shares during the period. Apella Capital LLC’s holdings in International Business Machines were worth $3,798,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Family CFO Inc acquired a new position in International Business Machines in the 4th quarter valued at approximately $25,000. Basepoint Wealth LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines in the fourth quarter worth $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines during the third quarter valued at $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup upped their target price on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wolfe Research cut International Business Machines to a “peer perform” rating in a research note on Tuesday. Barclays began coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective on the stock. Piper Sandler upgraded shares of International Business Machines to an “overweight” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.94.

International Business Machines News Roundup

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

• Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a potential industry milestone that could make AI chips smaller, faster, and more energy efficient. Investors are viewing the announcement as evidence that IBM remains an innovation leader in AI infrastructure and advanced computing. Article: Reuters
• Positive Sentiment: Several reports highlighted IBM’s new 0.7nm “nanostack” chip architecture, with claims of materially better performance and energy efficiency. That kind of technical progress can improve IBM’s long-term growth narrative, especially around AI and high-performance computing. Article: PR Newswire
• Positive Sentiment: JPMorgan reportedly upgraded IBM, citing stronger software growth prospects. Analyst upgrades can support the stock by reinforcing expectations for better earnings quality and recurring revenue growth. Article: Insider Monkey
• Positive Sentiment: IBM also drew attention after its OpenAI cybersecurity partnership, which investors may see as a catalyst for growth in enterprise AI and security services. Article: Barchart
• Neutral Sentiment: Some coverage noted that the new chip technology is still several years from commercial production, which may temper near-term enthusiasm even if the long-term story is stronger.

International Business Machines Stock Down 1.8%

Shares of IBM stock opened at $258.36 on Friday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm has a market cap of $242.83 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The stock has a 50 day moving average of $253.31 and a 200-day moving average of $267.23.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $15.60 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts predict that International Business Machines Corporation will post 12.39 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.6%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

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.