Allspring Global Investments Holdings LLC Has $71.05 Million Stock Holdings in International Business Machines Corporation $IBM

Allspring Global Investments Holdings LLC reduced its stake in International Business Machines Corporation (NYSE:IBM) by 15.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 292,200 shares of the technology company’s stock after selling 53,665 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Business Machines were worth $71,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer cut International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Morgan Stanley lifted their price target on International Business Machines from $267.00 to $293.00 and gave the company an “equal weight” rating in a research note on Tuesday. Piper Sandler raised International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Needham & Company LLC began coverage on shares of International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Finally, Roth Capital reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Fifteen 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.89.

International Business Machines News Roundup

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

International Business Machines Trading Down 3.0%

NYSE IBM opened at $212.54 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The business has a fifty day simple moving average of $263.84 and a 200 day simple moving average of $263.58. International Business Machines Corporation has a 12 month low of $204.44 and a 12 month high of $332.46. The firm has a market capitalization of $199.76 billion, a P/E ratio of 18.79, a PEG ratio of 2.13 and a beta of 0.68.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS 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 the consensus estimate 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 was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. On average, analysts predict that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a dividend of $1.69 per share. 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. This represents a $6.76 dividend on an annualized basis and a yield of 3.2%. International Business Machines’s payout ratio is currently 59.77%.

About International Business Machines

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.