Conning Inc. Acquires 37,286 Shares of International Business Machines Corporation $IBM

Conning Inc. boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 34.9% during the first quarter, Holdings Channel.com reports. The fund owned 144,138 shares of the technology company’s stock after buying an additional 37,286 shares during the quarter. Conning Inc.’s holdings in International Business Machines were worth $34,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in International Business Machines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter. State Street Corp increased its holdings in shares of International Business Machines by 1.0% in the 4th quarter. State Street Corp now owns 54,996,293 shares of the technology company’s stock worth $16,290,452,000 after buying an additional 518,321 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of International Business Machines by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 22,605,083 shares of the technology company’s stock worth $6,679,105,000 after buying an additional 336,069 shares during the last quarter. Capital World Investors raised its position in shares of International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after buying an additional 4,976,756 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of International Business Machines during the 4th quarter valued at $2,446,429,000. Institutional investors own 58.96% of the company’s stock.

Key International Business Machines News

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

International Business Machines Stock Down 2.5%

Shares of NYSE:IBM opened at $287.85 on Friday. The stock’s 50-day moving average price is $263.77 and its 200-day moving average price is $266.17. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $332.46. The stock has a market capitalization of $270.55 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.85 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. On average, equities analysts anticipate that International Business Machines Corporation will post 12.45 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $1.69 dividend. The ex-dividend date was Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.3%. International Business Machines’s dividend payout ratio is presently 59.77%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IBM shares. Citigroup upped their target price on shares of International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Bank of America raised 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. Barclays started coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective for the company. Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a report on Sunday, June 21st. Finally, Susquehanna assumed coverage on International Business Machines in a research note on Friday. They issued a “neutral” rating and a $303.00 target price for the company. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average price target of $306.28.

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.