First Horizon Corp Acquires 36,178 Shares of International Business Machines Corporation $IBM

First Horizon Corp lifted its stake in International Business Machines Corporation (NYSE:IBM) by 40.5% in the first quarter, Holdings Channel.com reports. The fund owned 125,616 shares of the technology company’s stock after purchasing an additional 36,178 shares during the period. International Business Machines makes up approximately 1.3% of First Horizon Corp’s portfolio, making the stock its 15th biggest position. First Horizon Corp’s holdings in International Business Machines were worth $30,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBM. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of International Business Machines by 1.2% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 37,499 shares of the technology company’s stock worth $9,089,000 after buying an additional 438 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its stake in International Business Machines by 1.0% during the first quarter. Mosaic Family Wealth Partners LLC now owns 6,893 shares of the technology company’s stock valued at $1,671,000 after acquiring an additional 68 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in International Business Machines by 27.1% during the 1st quarter. Kestra Advisory Services LLC now owns 238,449 shares of the technology company’s stock worth $57,798,000 after acquiring an additional 50,896 shares during the period. Money Concepts Capital Corp lifted its stake in International Business Machines by 5.6% in the 1st quarter. Money Concepts Capital Corp now owns 22,396 shares of the technology company’s stock worth $5,429,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in International Business Machines by 2.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 322,395 shares of the technology company’s stock valued at $77,819,000 after purchasing an additional 6,289 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

NYSE:IBM opened at $294.79 on Friday. The company has a market capitalization of $277.07 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 2.92 and a beta of 0.68. The business has a 50 day moving average of $262.55 and a 200 day moving average of $266.02. 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 1-year low of $212.34 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping 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 firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. During the same period last year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.3%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

International Business Machines News Summary

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

• Positive Sentiment: IBM announced major upgrades to its Bob software platform, adding multi-agent AI capabilities, AI cost analytics, and modernization workflows aimed at speeding enterprise software development. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: IBM also unveiled broader enterprise AI and infrastructure updates, including new z17 and LinuxONE systems and expanded cybersecurity partnerships, which reinforces its positioning in higher-value hybrid cloud and AI infrastructure. International Business Machines (IBM) Unveils New AI Infrastructure, Is The Stock Fully Priced?
• Positive Sentiment: IBM’s quantum-computing work made headlines after a breakthrough collaboration on fusion-energy modeling, which supports the company’s innovation narrative and could improve investor sentiment around its advanced technology portfolio. IBM’s Quantum Breakthrough Sends Massive Clean Energy Signal
• Neutral Sentiment: IBM announced it will report second-quarter 2026 results on July 22, keeping attention on upcoming earnings for confirmation of growth in software, AI, and infrastructure. IBM to Announce Second-Quarter 2026 Financial Results
• Negative Sentiment: Starbucks’ move to build sovereign AI and cut its dependence on Microsoft and IBM software is being viewed as a warning sign for enterprise software vendors, suggesting some customers may try to shrink licensing and maintenance costs. Starbucks Bets on AI to Replace Microsoft and IBM Software
• Negative Sentiment: Several market reports say IBM stock is slipping despite the quantum and AI news flow, as traders appear to be taking profits and waiting for the July 22 earnings report for a clearer catalyst. International Business Machines (IBM) Stock Drops 1.3% Despite Quantum Computing Buzz

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IBM shares. DZ Bank upgraded 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. Susquehanna started coverage on International Business Machines in a research note on Tuesday, June 23rd. They issued a “neutral” rating on the stock. Needham & Company LLC assumed coverage on International Business Machines in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. KeyCorp lowered International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and a consensus price target of $306.47.

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.