Wealthfront Advisers LLC Increases Stock Position in International Business Machines Corporation $IBM

Wealthfront Advisers LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.7% in the first quarter, HoldingsChannel reports. The fund owned 134,147 shares of the technology company’s stock after acquiring an additional 3,481 shares during the period. Wealthfront Advisers LLC’s holdings in International Business Machines were worth $32,516,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IBM. Basepoint Wealth LLC purchased a new stake in International Business Machines during the 4th quarter valued at about $25,000. Family CFO Inc bought a new position in shares of International Business Machines during the 4th quarter valued at $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the fourth quarter worth about $28,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines during the fourth quarter valued at approximately $28,000. Finally, SWAN Capital LLC bought a new stake in shares of International Business Machines during the 3rd quarter valued at $28,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Down 2.7%

Shares of NYSE IBM opened at $211.25 on Thursday. The stock has a market capitalization of $198.55 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.68. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock’s fifty day simple moving average is $264.41 and its two-hundred day simple moving average is $264.54. International Business Machines Corporation has a 12-month low of $211.03 and a 12-month high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $15.60 billion. During the same period in the previous year, the company earned $1.60 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that International Business Machines Corporation will post 12.43 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 3.2%. 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 59.77%.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM launched new Power systems and AI-related software, including Power Autonomous Operations and IBM Bob, highlighting continued product investment and a longer-term AI strategy.
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with multiple firms reiterating constructive ratings or higher price targets despite the selloff.
• Neutral Sentiment: IBM’s leadership says the weakness may reflect a broader shift in enterprise IT budgets rather than a collapse in AI demand, which could benefit AI hardware and cybersecurity peers. IBM warns second-quarter earnings fell short of expectations
• Negative Sentiment: IBM’s preliminary Q2 revenue and EPS both missed estimates, prompting a historic share selloff and sharply weakening investor confidence. IBM expects second-quarter revenue below estimates
• Negative Sentiment: Several law firms have announced securities-fraud investigations tied to the earnings warning, adding headline risk and potential overhang for IBM shares. Securities Fraud Investigation Into International Business Machines Corporation (IBM) Announced

Analysts Set New Price Targets

IBM has been the subject of several analyst reports. BMO Capital Markets reduced their target price on shares of 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. Morgan Stanley raised their price target on International Business Machines from $267.00 to $293.00 and gave the company an “equal weight” rating in a report on Tuesday. Wolfe Research downgraded shares of International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. Barclays initiated coverage on International Business Machines in a report on Monday, June 1st. They set an “overweight” rating and a $350.00 price target on the stock. Finally, DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.17.

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.