ING Groep NV grew its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 44.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,035 shares of the technology company’s stock after acquiring an additional 101,183 shares during the quarter. ING Groep NV’s holdings in International Business Machines were worth $97,760,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $25,000. Family CFO Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $25,000. Joseph Group Capital Management acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $28,000. SWAN Capital LLC acquired a new stake in shares of International Business Machines in the third quarter valued at approximately $28,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $31,000. 58.96% of the stock is 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: Wedbush reportedly reset its IBM price target, citing stronger AI momentum and continued demand for IBM’s enterprise software and consulting offerings.
- Positive Sentiment: IBM’s new strategic partnership with Google Cloud to scale enterprise AI adoption is being seen as a meaningful growth driver, with the deal aimed at helping customers modernize systems and bring AI into production faster. IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI‑Powered Delivery
- Positive Sentiment: Several market commentary pieces highlighted IBM’s large quantum-computing investment as a long-term catalyst, with some analysts saying the company is strengthening its position in an emerging high-growth market. IBM Stock’s $10 Billion Quantum Catalyst Is Here
- Positive Sentiment: Citi also pointed to IBM’s growing role in quantum computing, reinforcing the view that the company’s heavy spending could secure a leadership position in a market with major future upside.
- Neutral Sentiment: IBM shares were included in broader market coverage of stocks making big moves, reflecting elevated trading interest but not adding a clearly new company-specific catalyst.
- Negative Sentiment: A former IBM cybersecurity executive accused the company of covering up multiple foreign-government data breaches over the past decade, raising potential reputational and legal risks. Former cyber executive turned whistleblower accuses IBM of covering up several data breaches
- Negative Sentiment: Another report repeated allegations that IBM and AT&T concealed foreign hacks, which could weigh on investor sentiment if the claims gain traction.
Analysts Set New Price Targets
View Our Latest Stock Analysis on IBM
International Business Machines Price Performance
Shares of NYSE IBM opened at $285.06 on Friday. 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 fifty day moving average price of $246.48 and a 200 day moving average price of $270.94. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The company has a market cap of $267.93 billion, a PE ratio of 25.20, a P/E/G ratio of 2.95 and a beta of 0.67.
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share 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 firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same period last year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Sell-side analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current year.
International Business Machines Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a $1.69 dividend. The ex-dividend date is 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 yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.
International Business Machines Company 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.
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