North Dallas Bank & Trust Co. Invests $1.46 Million in International Business Machines Corporation $IBM

North Dallas Bank & Trust Co. bought a new position in International Business Machines Corporation (NYSE:IBM) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,929 shares of the technology company’s stock, valued at approximately $1,460,000.

Several other institutional investors and hedge funds also recently modified their holdings of IBM. Norges Bank purchased a new stake in shares of International Business Machines in the fourth quarter worth about $2,446,429,000. Capital World Investors boosted its holdings in International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after purchasing an additional 4,976,756 shares during the last quarter. Vanguard Group Inc. boosted its holdings in International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter. First Trust Advisors LP boosted its holdings in International Business Machines by 39.6% in the third quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock valued at $861,401,000 after purchasing an additional 865,253 shares during the last quarter. Finally, Valpey Financial Services LLC boosted its holdings in International Business Machines by 27,670.9% in the fourth quarter. Valpey Financial Services LLC now owns 867,007 shares of the technology company’s stock valued at $256,816,000 after purchasing an additional 863,885 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on IBM. Barclays began coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target for the company. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a report on Thursday, May 28th. Wedbush set a $350.00 price target on International Business Machines in a report on Tuesday, June 2nd. Finally, Citigroup increased their price target on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines News Roundup

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

• Positive Sentiment: IBM CEO Arvind Krishna highlighted the company’s quantum-computing ambitions, AI strategy, and potential government support, reinforcing the idea that IBM could benefit from long-duration demand in advanced computing. IBM CEO Krishna on Quantum Advantage, Profit Strategy
• Positive Sentiment: IBM expanded its AI training and upskilling efforts, including new learning pathways and student programs, which may help strengthen its enterprise AI ecosystem and future consulting demand. IBM AI Upskilling Push Tests Long Term Growth Story For Investors
• Positive Sentiment: IBM’s new AI partnership with Google Cloud was framed as a multi-billion-dollar opportunity, potentially boosting consulting revenue and enterprise adoption of IBM’s AI tools. As IBM Unlocks a ‘Multi-Billion-Dollar Opportunity’ With Google, The Stock Is a Buy
• Neutral Sentiment: Commentary from analysts and investors remained constructive on IBM’s durable software and infrastructure cash flow, but these pieces were more opinion-driven than new fundamental disclosures. Wall Street Is Missing the Bigger Picture: Why This Legacy Tech Stalwart Is a Screaming Buy Right Now
• Negative Sentiment: IBM’s stock has also faced some pressure after the company committed more than $10 billion to quantum computing over five years, raising questions about near-term returns and capital allocation. IBM Stock Slides as Company Bets $10 Billion on Quantum Computing
• Negative Sentiment: IBM also drew attention to AI governance concerns in a new study showing many enterprise leaders are not fully prepared to control AI deployments, which could temper enthusiasm around its AI growth story. New IBM Study Finds CIOs and CTOs Face Growing AI Control Gap as Enterprise Deployment Scales

International Business Machines Stock Down 1.3%

IBM opened at $277.22 on Wednesday. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. 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 has a market cap of $260.55 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.91 and a beta of 0.67. The stock’s 50 day moving average price is $248.08 and its 200 day moving average price is $270.61.

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

International Business Machines Increases Dividend

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

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.