International Business Machines Corporation $IBM Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its stake in International Business Machines Corporation (NYSE:IBM) by 100.6% in the first quarter, Holdings Channel.com reports. The firm owned 39,808 shares of the technology company’s stock after acquiring an additional 19,967 shares during the quarter. Diversify Wealth Management LLC’s holdings in International Business Machines were worth $9,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBM. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in International Business Machines by 424.6% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after buying an additional 211,040 shares in the last quarter. GLOBALT Investments LLC GA increased its position in shares of International Business Machines by 19.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 2,930 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of International Business Machines by 30.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after acquiring an additional 3,029 shares during the period. Rice Partnership LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in shares of International Business Machines during the 4th quarter valued at $4,101,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE:IBM opened at $287.85 on Monday. The firm has a 50-day moving average of $263.77 and a two-hundred day moving average of $265.91. 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 $270.55 billion, a P/E ratio of 25.45, a PEG ratio of 2.78 and a beta of 0.68. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 earnings per share. On average, research analysts expect that International Business Machines Corporation will post 12.45 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.3%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Analysts Set New Price Targets

Several analysts recently issued reports on IBM shares. Barclays initiated 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. Needham & Company LLC assumed coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Stifel Nicolaus set a $290.00 target price on International Business Machines in a report on Friday, May 22nd. Finally, KeyCorp lowered International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $306.28.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

International Business Machines 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.