Evolve Private Wealth LLC purchased a new position in shares of International Business Machines Corporation (NYSE:IBM – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 30,038 shares of the technology company’s stock, valued at approximately $8,898,000. International Business Machines makes up about 0.5% of Evolve Private Wealth LLC’s portfolio, making the stock its 28th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Family CFO Inc acquired a new position in shares of International Business Machines during the 4th quarter worth $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines during the 4th quarter worth $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $28,000. Finally, SWAN Capital LLC purchased a new stake in International Business Machines during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.
International Business Machines Stock Down 3.2%
IBM opened at $262.04 on Thursday. 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 market capitalization of $246.29 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The business has a 50-day moving average of $251.20 and a two-hundred day moving average of $269.32. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46.
International Business Machines Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a research report on Friday, May 22nd. Jefferies Financial Group dropped their price objective on International Business Machines from $370.00 to $320.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. BMO Capital Markets dropped their price objective on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Finally, Citigroup lifted their price objective on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average price target of $304.17.
Read Our Latest Research Report on International Business Machines
More International Business Machines News
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM highlighted a new global study showing enterprises are struggling with AI dependencies and sovereignty, underscoring demand for IBM’s governance, security, and hybrid-cloud offerings. IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI
- Positive Sentiment: IBM and Cirata expanded their alliance with an OEM deal for the Symphony data platform, aimed at easing AI data bottlenecks and improving large-scale data movement for enterprise AI workflows. IBM (IBM) Launches Big Replicate With Cirata To Tackle AI Data Bottlenecks
- Positive Sentiment: Apptio, an IBM company, launched new AI-powered capabilities to help customers turn technology spending into measurable business outcomes, reinforcing IBM’s software and optimization story. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
- Neutral Sentiment: Analysts published fresh commentary on IBM, including valuation-focused coverage and a rating upgrade, which may help sentiment but does not appear tied to a major business catalyst. Analysts Offer Insights on Technology Companies: International Business Machines (IBM) and Interlink Electronics (LINK)
- Neutral Sentiment: Broader market weakness after the Fed’s policy update could weigh on IBM along with other large-cap stocks, even though it is not IBM-specific. Nasdaq, US stocks slide as Fed forecasts possible rate hike
- Negative Sentiment: IBM also faced some caution from articles suggesting the stock had recently fallen meaningfully from prior highs, which may reflect lingering valuation concerns despite the AI optimism. Buy, Hold, or Sell: IBM Just Shed 16% Is It a Clear Buy at $268?
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.
Featured Articles
- Five stocks we like better than International Business Machines
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
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.
