Hoey Investments Inc. increased its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 377.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,201 shares of the technology company’s stock after buying an additional 7,275 shares during the quarter. International Business Machines comprises 0.3% of Hoey Investments Inc.’s holdings, making the stock its 22nd largest position. Hoey Investments Inc.’s holdings in International Business Machines were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of International Business Machines during the fourth quarter valued at about $2,446,429,000. Capital World Investors lifted its stake in shares of International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after acquiring an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in International Business Machines by 83.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock valued at $1,663,847,000 after purchasing an additional 2,553,552 shares during the last quarter. Corient Private Wealth LLC grew its stake in International Business Machines by 359.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after purchasing an additional 1,484,026 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.
International Business Machines Stock Performance
Shares of IBM stock opened at $302.39 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The business has a 50 day moving average of $256.99 and a two-hundred day moving average of $266.06. The company has a market cap of $284.21 billion, a P/E ratio of 26.87, a PEG ratio of 3.00 and a beta of 0.68. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46.
International Business Machines Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. 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 launched compact z17 and LinuxONE 5 systems, including new rack-mount options and AI/automation software upgrades, which could help it win enterprise customers facing data-center space and cost constraints. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
- Positive Sentiment: Bank of America raised IBM’s price target to $330 and reiterated a buy rating, citing a better software mix and potential upside from Confluent-related synergies ahead of Q2 earnings. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
- Positive Sentiment: BofA also called IBM the “leader in the quantum category,” reinforcing investor confidence in the company’s long-term differentiation in quantum computing. IBM Is the Quantum Leader, Says BofA as Industry Awaits Better Hardware and Algorithms
- Positive Sentiment: IBM said it achieved the first known quantum-computer computations of fusion materials with Oak Ridge National Lab and Cleveland Clinic, a headline that strengthens its credibility in high-value scientific computing. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
- Neutral Sentiment: Reports that IBM is attracting increased trader and analyst attention, along with a note that many Wall Street strategists see additional upside, add to momentum but do not change fundamentals on their own. IBM To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Monday
- Neutral Sentiment: IBM is seeing broader market support as tech stocks advanced and the ISM services reading showed ongoing expansion, which can lift sentiment across the sector. Getty Images, SAIC, Cognex, Hewlett Packard Enterprise, and IBM Shares Skyrocket, What You Need To Know
- Negative Sentiment: The main risk for IBM investors is that the stock now needs follow-through from upcoming earnings on July 22 to justify the recent move higher; any disappointment in AI monetization, margins, or guidance could pressure the shares. Dear IBM Stock Fans, Mark Your Calendars for July 22
Analyst Upgrades and Downgrades
Several analysts recently issued reports on IBM shares. Morgan Stanley raised shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 23rd. KeyCorp lowered shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Bank of America lifted their price target on International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna started coverage on International Business Machines in a research note on Tuesday, June 23rd. They set a “neutral” rating on the stock. Finally, Piper Sandler raised International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.47.
Check Out Our Latest Research Report on International Business Machines
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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