International Business Machines Corporation $IBM Shares Sold by Williamson Legacy Group LLC

Williamson Legacy Group LLC trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,147 shares of the technology company’s stock after selling 2,251 shares during the quarter. Williamson Legacy Group LLC’s holdings in International Business Machines were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foster Group Inc. increased its holdings in shares of International Business Machines by 1.3% during the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock valued at $742,000 after acquiring an additional 33 shares in the last quarter. CVA Family Office LLC grew its holdings in International Business Machines by 1.4% during the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after buying an additional 33 shares in the last quarter. New Covenant Trust Company N.A. grew its holdings in International Business Machines by 3.8% during the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock worth $264,000 after buying an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. grew its holdings in International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after buying an additional 33 shares in the last quarter. Finally, CFS Investment Advisory Services LLC grew its holdings in International Business Machines by 0.4% during the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after buying an additional 34 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.8%

Shares of NYSE:IBM opened at $251.69 on Wednesday. The company has a market capitalization of $236.56 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The business has a fifty day moving average price of $238.94 and a two-hundred day moving average price of $271.49. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (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 during the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts forecast that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is currently 59.77%.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: The U.S. Department of Commerce’s planned $2.0 billion quantum computing funding package put IBM on investors’ radar as one of the sector’s better-positioned beneficiaries, reinforcing confidence in its quantum roadmap. Article Title
• Positive Sentiment: Wedbush reiterated an Outperform rating and $225 price target after the federal quantum announcement, signaling continued analyst confidence in IBM’s upside. Article Title
• Positive Sentiment: IBM signed a five-year global technology modernization agreement with Abertis, expanding its consulting and infrastructure services footprint and adding a fresh revenue driver. Article Title
• Neutral Sentiment: Several articles framed IBM as a relatively “safe” way to gain exposure to the quantum theme, which may support sentiment but does not by itself change fundamentals. Article Title
• Neutral Sentiment: Some coverage noted that the recent quantum rally has started to cool, which could temper near-term momentum even as IBM remains in focus. Article Title
• Negative Sentiment: Jim Cramer commentary and related coverage highlighted that IBM shares have lagged over the past year and year-to-date, reminding investors that the stock still needs stronger operating performance to sustain a bigger re-rating. Article Title

Analysts Set New Price Targets

Several brokerages recently issued reports on IBM. Oppenheimer decreased their price target on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and upped their price target for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. Morgan Stanley upped their price target on International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. UBS Group upgraded International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target for the company in a report on Wednesday, February 25th. Finally, Citigroup began coverage on International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $294.41.

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.