International Business Machines Corporation $IBM Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC lifted its stake in shares of International Business Machines Corporation (NYSE:IBM) by 94.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 41,297 shares of the technology company’s stock after acquiring an additional 20,066 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in International Business Machines were worth $10,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBM. Platform Technology Partners raised its position in shares of International Business Machines by 2.2% during the first quarter. Platform Technology Partners now owns 7,047 shares of the technology company’s stock worth $1,708,000 after purchasing an additional 149 shares during the period. Sound Income Strategies LLC boosted its position in shares of International Business Machines by 1.9% in the 1st quarter. Sound Income Strategies LLC now owns 65,283 shares of the technology company’s stock valued at $15,873,000 after purchasing an additional 1,225 shares during the period. Prasad Wealth Partners LLC increased its stake in International Business Machines by 6.5% in the 1st quarter. Prasad Wealth Partners LLC now owns 3,840 shares of the technology company’s stock worth $931,000 after purchasing an additional 236 shares in the last quarter. Boston Trust Walden Corp increased its stake in International Business Machines by 2.3% in the 1st quarter. Boston Trust Walden Corp now owns 3,285 shares of the technology company’s stock worth $796,000 after purchasing an additional 75 shares in the last quarter. Finally, Seamount Financial Group Inc. raised its holdings in International Business Machines by 0.5% during the 1st quarter. Seamount Financial Group Inc. now owns 9,830 shares of the technology company’s stock worth $2,383,000 after buying an additional 50 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of International Business Machines from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $270.00 to $291.00 in a report on Tuesday, June 23rd. Barclays initiated coverage on shares of International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 price objective on the stock. Roth Mkm restated a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Needham & Company LLC assumed coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Citigroup lifted their price target on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $306.76.

International Business Machines News Roundup

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

• Positive Sentiment: IBM unveiled what was described as the world’s first 0.7-nanometer semiconductor technology, reinforcing its innovation story and potentially strengthening long-term confidence in its engineering leadership.
• Positive Sentiment: Analysts continue to point to IBM’s improving earnings outlook, with articles noting its strong history of beating estimates and suggesting another earnings beat could be ahead.
• Positive Sentiment: IBM’s hybrid cloud, AI demand, and quantum computing initiatives are still being viewed as key growth catalysts, which may help offset concerns that the stock has lagged the industry over the past three months.
• Neutral Sentiment: IBM hired Stagwell to refresh its global brand and campaign strategy, a move aimed at better aligning marketing with its AI, cloud, and quantum messaging.
• Neutral Sentiment: Coverage around IBM’s quantum computing bet remains mixed: bullish long-term commentary is being balanced by warnings that the technology still carries meaningful execution risk.
• Neutral Sentiment: A separate note from Trefis highlighted a wide range of possible outcomes for IBM, underscoring that the market is still debating the stock’s next chapter and valuation.
• Negative Sentiment: One article warned that IBM is lagging its industry recently and faces competitive pressure from Anthropic’s COBOL modernization efforts, which could weigh on sentiment if investors see it as a threat to legacy services.
• Negative Sentiment: Commentary on AI automation also noted that some companies, including IBM, have had to rehire workers after AI-driven cuts fell short, which may temper enthusiasm around near-term AI productivity gains.

International Business Machines Trading Up 0.9%

Shares of NYSE:IBM opened at $288.95 on Friday. The firm has a fifty day moving average of $256.25 and a two-hundred day moving average of $266.20. 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 Corporation has a 12-month low of $212.34 and a 12-month high of $332.46. The firm has a market capitalization of $271.58 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.96 and a beta of 0.68.

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

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was 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 currently 59.77%.

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.