Summit Wealth Group LLC Co. Decreases Stake in International Business Machines Corporation $IBM

Summit Wealth Group LLC Co. lowered its position in International Business Machines Corporation (NYSE:IBM) by 87.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,116 shares of the technology company’s stock after selling 7,519 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in International Business Machines were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IBM. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after acquiring an additional 211,040 shares during the period. Waverton Investment Management Ltd grew its position in International Business Machines by 3.3% in the 3rd 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. grew 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. NEOS Investment Management LLC grew its position in International Business Machines by 51.7% in the 3rd 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. Finally, Advisors Capital Management LLC grew its position in International Business Machines by 3.8% in the 3rd quarter. Advisors Capital Management LLC now owns 347,155 shares of the technology company’s stock valued at $97,953,000 after buying an additional 12,623 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Insider Activity at International Business Machines

In related news, Director Michael Miebach bought 434 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the transaction, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $215.05 on Thursday. The firm has a market capitalization of $202.12 billion, a P/E ratio of 19.01, a PEG ratio of 2.27 and a beta of 0.58. International Business Machines Corporation has a one year low of $212.34 and a one year high of $324.90. The company’s fifty day moving average is $241.64 and its two-hundred day moving average is $276.07. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.

International Business Machines (NYSE:IBM) last issued its 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. The company had revenue of $15.92 billion for 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 revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. Analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is presently 59.77%.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM unveiled new Red Hat AI Inference and Red Hat OpenShift Virtualization services on IBM Cloud, strengthening its enterprise AI and hybrid-cloud push. IBM Announces Red Hat AI Inference and Red Hat OpenShift Virtualization Service on IBM Cloud
• Positive Sentiment: Analysts at Jefferies said IBM is well-positioned to benefit from enterprise AI demand, citing software pipeline strength and cross-selling opportunities. IBM well-positioned to benefit from enterprise AI demand
• Positive Sentiment: Several recent articles framed IBM as an attractive AI/software name, emphasizing hybrid-cloud demand, watsonx upgrades, and steady cash flow. IBM vs. Qualcomm: Which AI Tech Stock is the Better Buy Now?
• Neutral Sentiment: IBM was included in industry reports on cloud storage and cloud professional services, highlighting its exposure to growing enterprise IT spending. Cloud Storage Industry Report 2026-2031
• Negative Sentiment: A report said IBM’s price target was lowered by $30, which may have weighed on sentiment and signaled reduced near-term upside expectations. IBM Price Target Lowered by $30

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore lifted their price objective on shares of International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Oppenheimer lowered their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. DZ Bank upgraded shares of 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. Stifel Nicolaus lowered their price objective on shares of International Business Machines from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $320.00 price objective on shares of International Business Machines in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.41.

International Business Machines Company 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.