KBC Group NV Acquires 65,481 Shares of International Business Machines Corporation $IBM

KBC Group NV increased its stake in International Business Machines Corporation (NYSE:IBM – Free Report) by 7.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 925,680 shares of the technology company’s stock after buying an additional 65,481 shares during the period. International Business Machines comprises 0.6% of KBC Group NV’s investment portfolio, making the stock its 26th biggest holding. KBC Group NV’s holdings in International Business Machines were worth $224,376,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Little House Capital LLC increased its stake in shares of International Business Machines by 3.2% during the 1st quarter. Little House Capital LLC now owns 9,906 shares of the technology company’s stock worth $2,401,000 after purchasing an additional 307 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of International Business Machines in the 1st quarter worth approximately $63,661,000. Swiss National Bank lifted its stake in International Business Machines by 7.5% in the first quarter. Swiss National Bank now owns 2,743,260 shares of the technology company’s stock valued at $664,939,000 after purchasing an additional 190,640 shares during the last quarter. Valley Wealth Managers Inc. lifted its stake in International Business Machines by 0.7% in the first quarter. Valley Wealth Managers Inc. now owns 18,550 shares of the technology company’s stock valued at $4,496,000 after purchasing an additional 125 shares during the last quarter. Finally, Legacy Wealth Advisors LLC bought a new position in International Business Machines during the first quarter valued at $257,000. Institutional investors own 58.96% of the company’s stock.

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Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

Analyst Ratings Changes

A number of research firms have issued reports on IBM. JPMorgan Chase & Co. decreased their target price on International Business Machines from $291.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Argus cut their price target on International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday. Wolfe Research lowered International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Finally, Needham & Company LLC began coverage on shares of International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $292.89.

Check Out Our Latest Stock Analysis on International Business Machines

International Business Machines Price Performance

Shares of NYSE:IBM opened at $212.54 on Monday. The company has a 50 day moving average of $263.84 and a 200 day moving average of $263.28. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market cap of $199.76 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.28 and a beta of 0.68. International Business Machines Corporation has a 12 month low of $204.44 and a 12 month high of $332.46.

International Business Machines (NYSE:IBM – Get Free Report) last posted its earnings results 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 net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Corporation will post 12.28 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a dividend of $1.69 per share. 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 3.2%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio is 59.77%.

International Business Machines Profile

(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.

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