Legato Capital Management LLC Makes New Investment in International Business Machines Corporation $IBM

Posted by Stephan Jacobs on May 24th, 2026

Legato Capital Management LLC purchased a new position in International Business Machines Corporation (NYSE:IBM – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 7,000 shares of the technology company’s stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in International Business Machines in the 4th quarter worth approximately $25,000. Joseph Group Capital Management acquired a new position in International Business Machines in the 4th quarter worth approximately $28,000. SWAN Capital LLC acquired a new position in International Business Machines in the 3rd quarter worth approximately $28,000. DecisionPoint Financial LLC boosted its stake in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in International Business Machines in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Trading Up 0.4%

Shares of NYSE:IBM opened at $253.88 on Friday. The firm has a fifty day moving average of $238.70 and a two-hundred day moving average of $272.44. The firm has a market capitalization of $238.62 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $324.90. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company 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 company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.60 EPS. On average, equities analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

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

Insider Activity

In other International Business Machines news, Director Michael Miebach acquired 434 shares of International Business Machines stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average price of $233.33 per share, with a total value of $101,265.22. Following the purchase, the director owned 434 shares in the company, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Trending Headlines about International Business Machines

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

Positive Sentiment: IBM and the U.S. Commerce Department announced a plan to launch America’s first purpose-built quantum foundry, with IBM set to receive the largest share of federal support and contribute matching capital. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award
Positive Sentiment: Analysts and media reports say the quantum funding package is a major new catalyst for IBM, helping drive strong share-price momentum and lifting sentiment around the stock’s long-term growth prospects. IBM shares extend rally as Wedbush calls US quantum investment a “new catalyst”
Positive Sentiment: IBM’s push into quantum computing and related hot tech segments is being viewed as evidence the company is expanding beyond legacy businesses into higher-growth opportunities. Why IBM Stock Was Rocking it This Week
Neutral Sentiment: Some coverage highlights that IBM’s valuation, debt load, and execution risk will matter as the company commits capital to the quantum foundry project. IBM’s US$1b Anderon Quantum Foundry Puts Valuation And Debt In Focus

Analyst Ratings Changes

A number of equities analysts recently commented on IBM shares. Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Oppenheimer decreased their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Stifel Nicolaus set a $290.00 price objective on shares of International Business Machines in a research note on Friday. Citigroup started coverage on shares of International Business Machines in a research note on Friday, April 10th. They issued a “buy” rating and a $285.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.41.

View Our Latest Stock Report on IBM

About International Business Machines

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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.