OLD National Bancorp IN Has $15.66 Million Holdings in International Business Machines Corporation $IBM

OLD National Bancorp IN raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 66.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,591 shares of the technology company’s stock after acquiring an additional 25,776 shares during the period. OLD National Bancorp IN’s holdings in International Business Machines were worth $15,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Meyer Handelman Co. increased its stake in shares of International Business Machines by 0.3% during the first quarter. Meyer Handelman Co. now owns 354,489 shares of the technology company’s stock worth $85,925,000 after purchasing an additional 966 shares during the period. Louisiana State Employees Retirement System acquired a new stake in International Business Machines during the 1st quarter worth approximately $11,538,000. Contravisory Investment Management Inc. boosted its stake in International Business Machines by 0.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 32,139 shares of the technology company’s stock valued at $7,790,000 after purchasing an additional 125 shares during the period. KFG Wealth Management LLC boosted its stake in International Business Machines by 21.8% in the 1st quarter. KFG Wealth Management LLC now owns 3,995 shares of the technology company’s stock valued at $968,000 after purchasing an additional 714 shares during the period. Finally, Longview Financial Advisors Inc. acquired a new position in International Business Machines in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key International Business Machines News

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

• Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a potential industry milestone that could make AI chips smaller, faster, and more energy efficient. Investors are viewing the announcement as evidence that IBM remains an innovation leader in AI infrastructure and advanced computing. Article: Reuters
• Positive Sentiment: Several reports highlighted IBM’s new 0.7nm “nanostack” chip architecture, with claims of materially better performance and energy efficiency. That kind of technical progress can improve IBM’s long-term growth narrative, especially around AI and high-performance computing. Article: PR Newswire
• Positive Sentiment: JPMorgan reportedly upgraded IBM, citing stronger software growth prospects. Analyst upgrades can support the stock by reinforcing expectations for better earnings quality and recurring revenue growth. Article: Insider Monkey
• Positive Sentiment: IBM also drew attention after its OpenAI cybersecurity partnership, which investors may see as a catalyst for growth in enterprise AI and security services. Article: Barchart
• Neutral Sentiment: Some coverage noted that the new chip technology is still several years from commercial production, which may temper near-term enthusiasm even if the long-term story is stronger.

Analyst Ratings Changes

IBM has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price for the company in a research report on Friday, April 24th. BMO Capital Markets decreased their price target on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Susquehanna initiated coverage on shares of International Business Machines in a research report on Tuesday. They set a “neutral” rating on the stock. Finally, Citigroup lifted their price objective on shares of International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, International Business Machines presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.94.

International Business Machines Price Performance

International Business Machines stock opened at $258.36 on Friday. The firm has a market cap of $242.83 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The stock’s fifty day moving average price is $253.31 and its two-hundred day moving average price is $267.23. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 EPS. As a group, research analysts expect that International Business Machines Corporation will post 12.39 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed 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 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 2.6%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

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.