IFM Investors Pty Ltd Increases Position in International Business Machines Corporation $IBM

IFM Investors Pty Ltd lifted its stake in International Business Machines Corporation (NYSE:IBM) by 4.0% in the 1st quarter, Holdings Channel reports. The firm owned 187,758 shares of the technology company’s stock after purchasing an additional 7,291 shares during the quarter. IFM Investors Pty Ltd’s holdings in International Business Machines were worth $45,511,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. Family CFO Inc purchased a new position in International Business Machines in the fourth quarter valued at about $25,000. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of International Business Machines in the 1st quarter worth approximately $26,000. Joseph Group Capital Management purchased a new position in International Business Machines in the 4th quarter valued at approximately $28,000. Finally, Cornerstone Financial Management LLC purchased a new position in International Business Machines in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $281.78 on Wednesday. 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 Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The business has a fifty day moving average of $254.94 and a 200-day moving average of $266.51. The stock has a market cap of $264.85 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. As a group, analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.4%. International Business Machines’s payout ratio is currently 59.77%.

Analyst Upgrades and Downgrades

A number of analysts have commented on IBM shares. BMO Capital Markets decreased their target price on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Jefferies Financial Group assumed coverage on International Business Machines in a research report on Tuesday, June 23rd. They issued a “buy” rating for the company. Roth Mkm reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. Finally, KeyCorp cut shares of International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.94.

More International Business Machines News

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

• Positive Sentiment: IBM’s announcement of the world’s first sub-1 nanometer chip has fueled optimism that the company is still a major innovation leader in AI infrastructure and next-generation computing. International Business Machines (IBM) Is Up 10.2% After Unveiling 0.7 nm Nanostack Chip Breakthrough
• Positive Sentiment: IBM continues to be highlighted as an AI and quantum-computing beneficiary, with articles pointing to its growing AI consulting business and leadership edge versus smaller quantum rivals. The Quantum Bubble Is Real Enough to Take Seriously (IBM)
• Positive Sentiment: IBM was also cited in a new stablecoin-network initiative alongside major payments and tech firms, suggesting it remains relevant in enterprise digital infrastructure and payments-related innovation. Circle Stock Sinks After Visa, Others Announce Rival Stablecoin Network
• Neutral Sentiment: IBM selected Stagwell for creative/brand work and Omnicom Media as global media agency of record, but these are more marketing operations updates than direct earnings drivers. IBM Picks Stagwell as Creative Partner IBM Selects Stagwell as Lead Creative Partner IBM to Appoint Omnicom Media as Global Media Agency of Record
• Neutral Sentiment: Analyst and media pieces previewing IBM’s next earnings report suggest single-digit earnings growth, which supports steady expectations but does not appear to be a major new catalyst. What to Expect From International Business Machines’ Next Quarterly Earnings Report
• Negative Sentiment: One commentary noted IBM is still down sharply from prior levels, reminding investors that despite the recent rally, the stock has already had a long period of underperformance. IBM, Verizon, Corning And A Health Care Stock On CNBC’s ‘Final Trades’

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.