Investment Management Corp of Ontario Raises Stock Holdings in International Business Machines Corporation $IBM

Investment Management Corp of Ontario increased its position in International Business Machines Corporation (NYSE:IBM) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,796 shares of the technology company’s stock after acquiring an additional 28,248 shares during the period. Investment Management Corp of Ontario’s holdings in International Business Machines were worth $25,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines during the 4th quarter worth about $25,000. Basepoint Wealth LLC acquired a new stake in International Business Machines during the 4th quarter worth about $25,000. SWAN Capital LLC acquired a new stake in International Business Machines during the 3rd quarter worth about $28,000. Joseph Group Capital Management acquired a new stake in International Business Machines during the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC acquired a new stake in International Business Machines during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE:IBM opened at $262.04 on Thursday. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $246.29 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The stock’s 50-day moving average price is $251.20 and its 200-day moving average price is $269.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 firm 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 company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts expect that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is presently 59.77%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Wall Street Zen cut International Business Machines from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, Roth Mkm restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $304.17.

Key International Business Machines News

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

• Positive Sentiment: IBM highlighted a new global study showing enterprises are struggling with AI dependencies and sovereignty, underscoring demand for IBM’s governance, security, and hybrid-cloud offerings. IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI
• Positive Sentiment: IBM and Cirata expanded their alliance with an OEM deal for the Symphony data platform, aimed at easing AI data bottlenecks and improving large-scale data movement for enterprise AI workflows. IBM (IBM) Launches Big Replicate With Cirata To Tackle AI Data Bottlenecks
• Positive Sentiment: Apptio, an IBM company, launched new AI-powered capabilities to help customers turn technology spending into measurable business outcomes, reinforcing IBM’s software and optimization story. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
• Neutral Sentiment: Analysts published fresh commentary on IBM, including valuation-focused coverage and a rating upgrade, which may help sentiment but does not appear tied to a major business catalyst. Analysts Offer Insights on Technology Companies: International Business Machines (IBM) and Interlink Electronics (LINK)
• Neutral Sentiment: Broader market weakness after the Fed’s policy update could weigh on IBM along with other large-cap stocks, even though it is not IBM-specific. Nasdaq, US stocks slide as Fed forecasts possible rate hike
• Negative Sentiment: IBM also faced some caution from articles suggesting the stock had recently fallen meaningfully from prior highs, which may reflect lingering valuation concerns despite the AI optimism. Buy, Hold, or Sell: IBM Just Shed 16% Is It a Clear Buy at $268?

About International Business Machines

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.