International Business Machines Corporation $IBM Shares Purchased by Valpey Financial Services LLC

Valpey Financial Services LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 27,670.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867,007 shares of the technology company’s stock after acquiring an additional 863,885 shares during the period. International Business Machines makes up about 1.4% of Valpey Financial Services LLC’s investment portfolio, making the stock its 18th largest position. Valpey Financial Services LLC’s holdings in International Business Machines were worth $256,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IBM. Capital World Investors grew its holdings in International Business Machines by 13.9% during the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after acquiring an additional 2,077,506 shares during the period. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 1.5% during 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 lifted its holdings in shares of International Business Machines by 39.6% during 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. Franklin Resources Inc. increased its stake in International Business Machines by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 2,162,741 shares of the technology company’s stock worth $610,239,000 after purchasing an additional 849,500 shares in the last quarter. Finally, Amundi increased its stake in International Business Machines by 17.9% in the 3rd quarter. Amundi now owns 4,777,516 shares of the technology company’s stock worth $1,382,695,000 after purchasing an additional 725,191 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wedbush reissued an “outperform” rating on shares of International Business Machines in a research note on Thursday, May 21st. JPMorgan Chase & Co. dropped their price target on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Stifel Nicolaus set a $290.00 price target on International Business Machines in a research note on Friday, May 22nd. Finally, Evercore lifted their price target on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.41.

More International Business Machines News

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

• Positive Sentiment: IBM announced Project Lightwell, a $5 billion initiative with Red Hat to strengthen open-source software security using AI tools and a global team of more than 20,000 engineers. Investors appear to like the potential for IBM to become a key enterprise security partner. IBM and Red Hat Commit $5 Billion to Redefine the Future of Open Source in the AI Era
• Positive Sentiment: IBM also said it will invest more than $10 billion in quantum computing over the next five years, aiming to build a large-scale quantum computer by 2029. That signals major long-term commitment to a high-profile growth market. IBM to invest $10 billion for large-scale quantum computer by 2029
• Positive Sentiment: Several reports noted that the investments could help IBM “future-proof” its business and strengthen its position in enterprise infrastructure, which likely supported buying in the shares. IBM shares rise after unveiling $15B cybersecurity and quantum investment plan
• Neutral Sentiment: IBM’s stock also got attention from a broader article about quantum computing’s commercial breakout, which may have added to positive sentiment around the sector rather than IBM specifically. Quantum Computing’s Commercial Breakout Has Arrived
• Neutral Sentiment: One headline about IBM dropping older workers’ age-discrimination claims appears to be a legal cleanup item, but it is not likely the main driver of the stock move today. IBM Ditches Laid-Off Older HR Workers’ Age Discrimination Claims
• Negative Sentiment: A separate article warned that advances in quantum computing could eventually threaten bitcoin and other crypto assets, underscoring the disruptive power of the technology IBM is betting on, though it is not directly negative for IBM itself. Quantus Warns Quantum Computers Could Threaten $2T in Bitcoin and Crypto Assets

International Business Machines Trading Up 3.5%

NYSE:IBM opened at $264.25 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $324.90. The stock’s 50-day moving average is $239.22 and its two-hundred day moving average is $270.79. The stock has a market cap of $248.36 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. The company 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 was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. As a group, equities research analysts forecast 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 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 2.6%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

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.