ACT Capital Management LLC Takes $1.33 Million Position in International Business Machines Corporation $IBM

ACT Capital Management LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,500 shares of the technology company’s stock, valued at approximately $1,333,000. International Business Machines comprises approximately 1.1% of ACT Capital Management LLC’s portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of International Business Machines by 424.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after acquiring an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA increased its position in International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after purchasing an additional 2,930 shares in the last quarter. Waverton Investment Management Ltd increased its position in International Business Machines by 3.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after purchasing an additional 32,072 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after purchasing an additional 3,029 shares in the last quarter. Finally, Rice Partnership LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $3,317,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Morgan Stanley increased their target price on shares of International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. BMO Capital Markets dropped their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus target price of $304.17.

International Business Machines Stock Down 3.2%

NYSE IBM opened at $262.04 on Thursday. The stock has a market cap of $246.29 billion, a PE ratio of 23.17, a P/E/G ratio of 2.81 and a beta of 0.67. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The business has a 50 day moving average price of $251.20 and a two-hundred day moving average price of $269.32. 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 released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued 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 a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM highlighted a new global study showing enterprises are struggling with AI dependencies and sovereignty, underscoring demand for IBM’s governance, security, and hybrid-cloud offerings. IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI
• Positive Sentiment: IBM and Cirata expanded their alliance with an OEM deal for the Symphony data platform, aimed at easing AI data bottlenecks and improving large-scale data movement for enterprise AI workflows. IBM (IBM) Launches Big Replicate With Cirata To Tackle AI Data Bottlenecks
• Positive Sentiment: Apptio, an IBM company, launched new AI-powered capabilities to help customers turn technology spending into measurable business outcomes, reinforcing IBM’s software and optimization story. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
• Neutral Sentiment: Analysts published fresh commentary on IBM, including valuation-focused coverage and a rating upgrade, which may help sentiment but does not appear tied to a major business catalyst. Analysts Offer Insights on Technology Companies: International Business Machines (IBM) and Interlink Electronics (LINK)
• Neutral Sentiment: Broader market weakness after the Fed’s policy update could weigh on IBM along with other large-cap stocks, even though it is not IBM-specific. Nasdaq, US stocks slide as Fed forecasts possible rate hike
• Negative Sentiment: IBM also faced some caution from articles suggesting the stock had recently fallen meaningfully from prior highs, which may reflect lingering valuation concerns despite the AI optimism. Buy, Hold, or Sell: IBM Just Shed 16% Is It a Clear Buy at $268?

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.