MUFG Securities EMEA plc lifted its stake in International Business Machines Corporation (NYSE:IBM – Free Report) by 114.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,320 shares of the technology company’s stock after purchasing an additional 20,490 shares during the quarter. MUFG Securities EMEA plc’s holdings in International Business Machines were worth $11,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of IBM. Family CFO Inc purchased a new position in shares of International Business Machines in the 4th quarter worth about $25,000. Basepoint Wealth LLC purchased a new position in shares of International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management purchased a new position in shares of International Business Machines in the 4th quarter worth about $28,000. SWAN Capital LLC purchased a new position in shares of International Business Machines in the 3rd quarter worth about $28,000. Finally, DecisionPoint Financial LLC raised its position in shares of International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.
Key Stories Impacting International Business Machines
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM unveiled a more than $10 billion quantum computing investment plan, reinforcing its leadership in an emerging high-growth market. IBM to invest $10 billion for large-scale quantum computer by 2029
- Positive Sentiment: IBM and Red Hat launched Project Lightwell, a $5 billion push to secure open-source software with AI tools and 20,000 engineers, which could strengthen its enterprise security franchise. IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era
- Positive Sentiment: Wedbush reiterated an Outperform rating and raised its target to $320, signaling continued analyst confidence in IBM’s upside. IBM Is Chasing A ‘$1 Trillion Value Creation Engine’ — And It’s Spending $15 Billion To Get There
Analyst Upgrades and Downgrades
View Our Latest Research Report on IBM
International Business Machines Price Performance
NYSE IBM opened at $298.26 on Monday. The company has a 50-day moving average price of $240.16 and a 200-day moving average price of $270.71. The firm has a market capitalization of $280.33 billion, a P/E ratio of 26.37, a PEG ratio of 3.08 and a beta of 0.66. 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 Corporation has a 52 week low of $212.34 and a 52 week high of $324.90.
International Business Machines (NYSE:IBM – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate 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 revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. Equities research analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current year.
International Business Machines Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s dividend payout ratio is presently 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.
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