Cornerstone Planning LLC Invests $4.37 Million in International Business Machines Corporation $IBM

Cornerstone Planning LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 14,687 shares of the technology company’s stock, valued at approximately $4,366,000.

Other institutional investors also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth approximately $25,000. Family CFO Inc purchased a new position in shares of International Business Machines during the 4th quarter valued at approximately $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines in the 4th quarter valued at $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $28,000. Finally, SWAN Capital LLC purchased a new stake in International Business Machines during the third quarter worth $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Get International Business Machines alerts:

International Business Machines Stock Up 0.2%

IBM opened at $249.72 on Friday. The company has a market cap of $234.71 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a 50-day moving average price of $251.46 and a 200 day moving average price of $268.77. 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 – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $15.60 billion. During the same period in the previous year, the firm posted $1.60 EPS. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date 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 annualized dividend and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Key Stories Impacting 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?

Analyst Upgrades and Downgrades

Several research firms recently commented on IBM. Morgan Stanley raised their price target on shares of International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup raised their target price on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of International Business Machines in a research note on Thursday, May 28th. BMO Capital Markets lowered their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Finally, UBS Group raised International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

Get Our Latest Stock Analysis on IBM

About International Business Machines

(Free Report)

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.

Read More

• Five stocks we like better than International Business Machines
• 3 Retail Winners Using Cash Flow to Stay Ahead
• 3 Tech ETFs That Could Bounce Back After the AI Selloff
• 3 Penny Stocks Under $5 Backed by Real Revenue Growth
• 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM – Free Report).

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.