Natixis Advisors LLC Increases Stock Position in International Business Machines Corporation $IBM

Natixis Advisors LLC raised its holdings in International Business Machines Corporation (NYSE:IBM) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 669,394 shares of the technology company’s stock after purchasing an additional 12,525 shares during the quarter. Natixis Advisors LLC’s holdings in International Business Machines were worth $198,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of International Business Machines by 424.6% in 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 during the last quarter. GLOBALT Investments LLC GA raised 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 valued at $5,417,000 after buying an additional 2,930 shares during the last quarter. Waverton Investment Management Ltd raised its position in shares of International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after buying an additional 32,072 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after buying an additional 3,029 shares during the last quarter. Finally, NEOS Investment Management LLC raised its position in shares of International Business Machines by 51.7% in the third quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $32,278,000 after buying an additional 38,973 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 equities analysts have recently weighed in on IBM shares. JPMorgan Chase & Co. cut their price objective on shares of International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Wedbush reissued an “outperform” rating and issued a $320.00 price objective on shares of International Business Machines in a research report on Friday. Citigroup started coverage on shares of International Business Machines in a research report on Friday, April 10th. They issued a “buy” rating and a $285.00 price objective for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research report on Thursday. Finally, Erste Group Bank lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.50.

More International Business Machines News

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

• Positive Sentiment: Barclays initiated coverage on IBM with an Overweight rating and a $350 price target, saying the company’s enterprise software business has sticky revenue and still has room to run. IBM Stock Surges After Analyst “Overweight” Rating
• Positive Sentiment: IBM is benefiting from a broader software rebound after Nvidia’s Jensen Huang eased fears that AI will replace software companies, helping lift IBM alongside other tech names. Arm, IBM and Hewlett Packard soar as Nvidia chip ‘reinvention’ extends software rally
• Positive Sentiment: Investor enthusiasm is also being driven by IBM’s quantum-computing strategy, with reports highlighting major planned investments and positioning IBM as a potential winner in the next-generation computing race. IBM Bets $10 Billion on Quantum Computing as Race for Next-Generation Technology Intensifies
• Neutral Sentiment: IBM remains a highly watched stock after its rapid run-up, with some coverage noting that valuation is getting richer even as momentum stays strong. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued
• Negative Sentiment: Some analysts and valuation models suggest the stock may be overextended after its sharp rally, which could limit upside if investors start taking profits. International Business Machines Corp (IBM) Stock Up 7.6% but GF Value Says Overvalued

International Business Machines Price Performance

International Business Machines stock opened at $319.67 on Tuesday. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $327.98. The firm has a fifty day moving average of $241.55 and a 200-day moving average of $270.75. The firm has a market capitalization of $300.45 billion, a P/E ratio of 28.26, a PEG ratio of 3.08 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 2.1%. 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 payout ratio is currently 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.