AlpenGlobal Capital LLC Invests $2.06 Million in International Business Machines Corporation $IBM

AlpenGlobal Capital LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 8,501 shares of the technology company’s stock, valued at approximately $2,061,000. International Business Machines accounts for 1.3% of AlpenGlobal Capital LLC’s holdings, making the stock its 24th biggest holding.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its stake in International Business Machines by 1.4% during the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after buying an additional 33 shares during the period. Foster Group Inc. lifted its stake in shares of International Business Machines by 1.3% in the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after acquiring an additional 33 shares during the period. New Covenant Trust Company N.A. boosted its holdings in shares of International Business Machines by 3.8% in the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after acquiring an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. increased its stake in shares of International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after acquiring an additional 33 shares during the period. Finally, Sandbox Financial Partners LLC increased its stake in shares of International Business Machines by 0.4% during the fourth quarter. Sandbox Financial Partners LLC now owns 8,969 shares of the technology company’s stock valued at $2,657,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

Analyst Ratings Changes

Several equities research analysts recently commented on IBM shares. Roth Capital reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Piper Sandler upgraded International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. Wedbush set a $350.00 price objective on International Business Machines in a research note on Tuesday, June 2nd. KeyCorp lowered International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. Finally, Oppenheimer decreased their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.28.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $287.85 on Friday. The company has a market capitalization of $270.55 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.85 and a beta of 0.68. 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 stock has a fifty day moving average of $263.77 and a 200-day moving average of $266.17. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion for 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 company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 12.45 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. Investors of record on Friday, May 8th were paid a $1.69 dividend. 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 2.3%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is 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.