International Business Machines Corporation $IBM Shares Sold by CPC Advisors LLC

CPC Advisors LLC lowered its position in International Business Machines Corporation (NYSE:IBM) by 73.9% in the first quarter, HoldingsChannel reports. The firm owned 8,844 shares of the technology company’s stock after selling 25,071 shares during the period. CPC Advisors LLC’s holdings in International Business Machines were worth $2,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management raised its stake in International Business Machines by 31.1% during the first quarter. Brookstone Capital Management now owns 23,776 shares of the technology company’s stock worth $5,763,000 after purchasing an additional 5,645 shares during the period. Warren Street Wealth Advisors LLC boosted its holdings in International Business Machines by 5.6% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 1,107 shares of the technology company’s stock valued at $268,000 after purchasing an additional 59 shares during the last quarter. Smith Salley Wealth Management grew its stake in shares of International Business Machines by 8.9% in the 1st quarter. Smith Salley Wealth Management now owns 24,426 shares of the technology company’s stock valued at $5,921,000 after buying an additional 1,999 shares during the period. Sunbeam Capital Management LLC grew its stake in shares of International Business Machines by 8.5% in the 1st quarter. Sunbeam Capital Management LLC now owns 2,622 shares of the technology company’s stock valued at $635,000 after buying an additional 205 shares during the period. Finally, Spectrum Planning & Advisory Services Inc. increased its holdings in shares of International Business Machines by 5.2% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 1,039 shares of the technology company’s stock worth $252,000 after buying an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about International Business Machines

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?

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Barclays initiated coverage on International Business Machines in a research report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price objective for the company. Needham & Company LLC started coverage on International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating for the company. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and lifted their target price for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. Finally, Morgan Stanley increased their price target on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Stock Performance

NYSE:IBM opened at $249.72 on Monday. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The company has a 50 day moving average price of $251.46 and a 200 day moving average price of $268.51. The stock has a market capitalization of $234.71 billion, a P/E ratio of 22.08, a PEG ratio of 2.58 and a beta of 0.66.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the previous year, the company earned $1.60 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Corporation will post 12.38 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. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost 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 presently 59.77%.

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.