Assetmark Inc. Raises Stock Holdings in International Business Machines Corporation $IBM

Assetmark Inc. lifted its stake in International Business Machines Corporation (NYSE:IBM) by 24.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 64,458 shares of the technology company’s stock after purchasing an additional 12,791 shares during the quarter. Assetmark Inc.’s holdings in International Business Machines were worth $15,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in International Business Machines during the fourth quarter valued at about $2,446,429,000. Capital World Investors grew its stake in International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after acquiring an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in International Business Machines by 83.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock valued at $1,663,847,000 after acquiring an additional 2,553,552 shares in the last quarter. Corient Private Wealth LLC increased its holdings in International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after acquiring an additional 1,484,026 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in International Business Machines by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

NYSE:IBM opened at $212.54 on Monday. The firm has a market capitalization of $199.76 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.28 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The business has a 50 day simple moving average of $263.84 and a 200-day simple moving average of $263.28. International Business Machines Corporation has a 1 year low of $204.44 and a 1 year high of $332.46.

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 the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion for 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%.The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. Equities analysts forecast that International Business Machines Corporation will post 12.28 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 3.2%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

More International Business Machines News

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.

Analyst Ratings Changes

Several research firms have commented on IBM. Wedbush set a $350.00 price objective on shares of International Business Machines in a report on Tuesday, June 2nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus set a $290.00 price target on International Business Machines in a report on Friday, May 22nd. Finally, Needham & Company LLC initiated coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Fifteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average price target of $292.89.

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.