Vestcor Inc Has $23.85 Million Stake in International Business Machines Corporation $IBM

Vestcor Inc raised its stake in International Business Machines Corporation (NYSE:IBM) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 80,531 shares of the technology company’s stock after buying an additional 2,374 shares during the period. International Business Machines accounts for 0.7% of Vestcor Inc’s holdings, making the stock its 25th largest holding. Vestcor Inc’s holdings in International Business Machines were worth $23,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Weik Capital Management increased its holdings in shares of International Business Machines by 0.6% in the fourth quarter. Weik Capital Management now owns 6,162 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 37 shares during the last quarter. Peachtree Investment Partners LLC increased its holdings in shares of International Business Machines by 41.2% in the fourth quarter. Peachtree Investment Partners LLC now owns 2,527 shares of the technology company’s stock valued at $748,000 after purchasing an additional 737 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of International Business Machines by 31.9% in the fourth quarter. MCF Advisors LLC now owns 3,204 shares of the technology company’s stock valued at $949,000 after purchasing an additional 774 shares during the last quarter. First Command Advisory Services Inc. increased its holdings in shares of International Business Machines by 1.1% in the fourth quarter. First Command Advisory Services Inc. now owns 3,459 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 36 shares during the last quarter. Finally, Invst LLC increased its holdings in shares of International Business Machines by 4.6% in the fourth quarter. Invst LLC now owns 1,170 shares of the technology company’s stock valued at $347,000 after purchasing an additional 51 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Wedbush reportedly reset its IBM price target, citing stronger AI momentum and continued demand for IBM’s enterprise software and consulting offerings.
• Positive Sentiment: IBM’s new strategic partnership with Google Cloud to scale enterprise AI adoption is being seen as a meaningful growth driver, with the deal aimed at helping customers modernize systems and bring AI into production faster. IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI‑Powered Delivery
• Positive Sentiment: Several market commentary pieces highlighted IBM’s large quantum-computing investment as a long-term catalyst, with some analysts saying the company is strengthening its position in an emerging high-growth market. IBM Stock’s $10 Billion Quantum Catalyst Is Here
• Positive Sentiment: Citi also pointed to IBM’s growing role in quantum computing, reinforcing the view that the company’s heavy spending could secure a leadership position in a market with major future upside.
• Neutral Sentiment: IBM shares were included in broader market coverage of stocks making big moves, reflecting elevated trading interest but not adding a clearly new company-specific catalyst.
• Negative Sentiment: A former IBM cybersecurity executive accused the company of covering up multiple foreign-government data breaches over the past decade, raising potential reputational and legal risks. Former cyber executive turned whistleblower accuses IBM of covering up several data breaches
• Negative Sentiment: Another report repeated allegations that IBM and AT&T concealed foreign hacks, which could weigh on investor sentiment if the claims gain traction.

International Business Machines Trading Down 5.5%

IBM stock opened at $285.06 on Friday. 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 company’s 50-day simple moving average is $246.48 and its 200 day simple moving average is $270.94. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The company has a market capitalization of $267.93 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 3.13 and a beta of 0.67.

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 business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same period in the prior year, the company posted $1.60 earnings per share. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.4%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines’s dividend payout ratio is currently 59.77%.

Analysts Set New Price Targets

IBM has been the topic of several research reports. Wedbush set a $350.00 price objective on shares of International Business Machines in a report on Tuesday. Barclays initiated coverage on shares of International Business Machines in a report on Monday. They issued an “overweight” rating and a $350.00 price objective on the stock. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and upped their price objective for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a report on Wednesday. Finally, Citigroup upped their price target on shares of International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $304.17.

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.