3,782 Shares in International Business Machines Corporation $IBM Acquired by SHP Wealth Management

SHP Wealth Management purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,782 shares of the technology company’s stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Family CFO Inc acquired a new position in International Business Machines in the fourth quarter valued at $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. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC acquired a new position in shares of International Business Machines in the 3rd quarter valued at about $28,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $249.72 on Friday. The stock has a market cap of $234.71 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. 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 50 day moving average of $251.46 and a 200-day moving average of $268.77. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. On average, analysts expect that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.7%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

International Business Machines News Summary

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

Wall Street Analyst Weigh In

IBM has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Friday, April 24th. Wall Street Zen lowered shares of International Business Machines from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Morgan Stanley raised their target price on shares of International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reduced their target price on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

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.