Burney Co. Has $3.65 Million Holdings in International Business Machines Corporation $IBM

Burney Co. lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 16.4% during the first quarter, Holdings Channel reports. The institutional investor owned 15,064 shares of the technology company’s stock after selling 2,946 shares during the quarter. Burney Co.’s holdings in International Business Machines were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings 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 purchasing an additional 211,040 shares in the last quarter. GLOBALT Investments LLC GA grew its holdings in shares of International Business Machines by 19.1% during the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after buying an additional 2,930 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in 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 buying an additional 3,029 shares during the last quarter. Rice Partnership LLC bought a new stake in International Business Machines in the 4th quarter valued at approximately $3,317,000. Finally, Sage Investment Advisers LLC acquired a new position in International Business Machines during the 4th quarter worth approximately $4,101,000. 58.96% of the stock is owned by institutional investors.

Key International Business Machines News

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

• Positive Sentiment: IBM launched new z17 and LinuxONE 5 configurations, including rack-mount and single-frame options, aimed at easing data-center space and cost constraints while strengthening its mainframe and enterprise infrastructure offering. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
• Positive Sentiment: Bank of America raised its price target on IBM to $330 and kept a buy rating, citing software strength, Red Hat momentum, infrastructure support, and the possibility of a modest guidance boost later this year. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
• Positive Sentiment: IBM also got a lift from quantum-computing headlines, including new research with Oak Ridge National Lab and Cleveland Clinic that achieved first-known computations of fusion materials on a quantum computer, reinforcing IBM’s AI/quantum leadership narrative. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
• Neutral Sentiment: IBM remained in focus as a Dow component benefiting from broader market strength, with multiple articles noting the stock’s continued rally and investor attention ahead of the July 22 earnings report.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IBM. Susquehanna started coverage on shares of International Business Machines in a research note on Tuesday, June 23rd. They set a “neutral” rating for the company. Weiss Ratings lowered shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Barclays began coverage on shares of International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 price objective for the company. BMO Capital Markets decreased their price objective on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Finally, KeyCorp downgraded International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $306.47.

International Business Machines Trading Up 2.2%

Shares of IBM stock opened at $305.98 on Wednesday. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $332.46. The company has a market capitalization of $287.59 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 3.09 and a beta of 0.68. The firm has a 50 day moving average price of $259.83 and a two-hundred day moving average price of $266.05. 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 posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. 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 12.45 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed 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. This represents a $6.76 annualized dividend and a yield of 2.2%. 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 dividend payout ratio (DPR) is 59.77%.

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.