Advisortrust Partners LLC Invests $658,000 in International Business Machines Corporation $IBM

Advisortrust Partners LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,223 shares of the technology company’s stock, valued at approximately $658,000.

Several other hedge funds have also added to or reduced their stakes in the business. PeakShares LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $967,000. Corient Private Wealth LLC grew its stake in shares of International Business Machines by 24.2% in the 4th quarter. Corient Private Wealth LLC now owns 512,339 shares of the technology company’s stock valued at $151,938,000 after buying an additional 99,690 shares during the period. Union Savings Bank bought a new stake in International Business Machines in the 4th quarter valued at about $670,000. Bayban acquired a new position in International Business Machines during the 4th quarter worth approximately $286,000. Finally, Taylor Securities Services Inc. bought a new position in International Business Machines in the fourth quarter worth approximately $798,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Key International Business Machines News

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

Wall Street Analysts Forecast Growth

IBM has been the subject of several recent research reports. Citigroup boosted their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen cut International Business Machines from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Oppenheimer reduced their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target for the company in a research note on Friday, April 24th. Finally, HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $304.17.

International Business Machines Trading Up 0.2%

Shares of IBM stock opened at $249.72 on Friday. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. The company’s fifty day simple moving average is $251.46 and its two-hundred day simple moving average is $268.77. 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 stock has a market capitalization of $234.71 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.58 and a beta of 0.67.

International Business Machines (NYSE:IBM) last announced its quarterly 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 company 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%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. As a group, analysts anticipate that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. 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.