Dorsey Wright & Associates Sells 14,148 Shares of International Business Machines Corporation $IBM

Dorsey Wright & Associates trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 78.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,791 shares of the technology company’s stock after selling 14,148 shares during the quarter. Dorsey Wright & Associates’ holdings in International Business Machines were worth $919,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IBM. Euro Pacific Asset Management LLC boosted its position in shares of International Business Machines by 9.8% during the first quarter. Euro Pacific Asset Management LLC now owns 1,011 shares of the technology company’s stock valued at $245,000 after buying an additional 90 shares during the last quarter. Quadrant Private Wealth Management LLC raised its position in International Business Machines by 66.1% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 21,193 shares of the technology company’s stock worth $5,137,000 after buying an additional 8,435 shares during the last quarter. Kesler Norman & Wride LLC raised its position in International Business Machines by 17.2% in the 1st quarter. Kesler Norman & Wride LLC now owns 7,589 shares of the technology company’s stock worth $1,840,000 after buying an additional 1,115 shares during the last quarter. Heartland Bank & Trust Co lifted its stake in International Business Machines by 33.6% during the 1st quarter. Heartland Bank & Trust Co now owns 5,914 shares of the technology company’s stock valued at $1,433,000 after acquiring an additional 1,488 shares during the period. Finally, Zhang Financial LLC lifted its stake in International Business Machines by 14.6% during the 1st quarter. Zhang Financial LLC now owns 23,339 shares of the technology company’s stock valued at $5,657,000 after acquiring an additional 2,968 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Trading Down 3.0%

Shares of NYSE:IBM opened at $212.54 on Friday. The stock has a market capitalization of $199.76 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.07 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The stock’s 50-day simple moving average is $263.84 and its two-hundred day simple moving average is $263.58. International Business Machines Corporation has a 52-week low of $204.44 and a 52-week high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating 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 firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that International Business Machines Corporation will post 12.28 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 3.2%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Analyst Ratings Changes

A number of analysts have recently commented on IBM shares. Piper Sandler upgraded shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Oppenheimer downgraded shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price on the stock in a report on Friday, April 24th. Needham & Company LLC started coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Wedbush set a $350.00 target price on shares of International Business Machines in a research report on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.89.

Key Stories Impacting 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.

International Business Machines 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.