Zhang Financial LLC Increases Stake in International Business Machines Corporation $IBM

Zhang Financial LLC lifted its position in International Business Machines Corporation (NYSE:IBM) by 14.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,339 shares of the technology company’s stock after acquiring an additional 2,968 shares during the quarter. Zhang Financial LLC’s holdings in International Business Machines were worth $5,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Atlas Wealth LLC grew its stake in shares of International Business Machines by 33.5% during the first quarter. Atlas Wealth LLC now owns 22,391 shares of the technology company’s stock valued at $5,427,000 after buying an additional 5,623 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of International Business Machines by 22.2% in the first quarter. Simon Quick Advisors LLC now owns 22,759 shares of the technology company’s stock worth $5,516,000 after buying an additional 4,131 shares during the period. Aire Advisors LLC lifted its stake in shares of International Business Machines by 2.8% during the 1st quarter. Aire Advisors LLC now owns 2,400 shares of the technology company’s stock worth $582,000 after acquiring an additional 66 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of International Business Machines by 58.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,003 shares of the technology company’s stock worth $459,000 after acquiring an additional 742 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in International Business Machines by 24.8% during the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock valued at $15,624,000 after acquiring an additional 12,791 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

More International Business Machines News

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays began coverage on International Business Machines in a research note on Monday, June 1st. They issued an “overweight” rating and a $350.00 target price on the stock. Piper Sandler raised shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Citigroup cut their price target on shares of International Business Machines from $375.00 to $255.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of International Business Machines in a report on Thursday. Fifteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.89.

International Business Machines Stock Down 3.0%

Shares of NYSE:IBM opened at $212.54 on Friday. The business’s 50 day moving average is $263.84 and its 200 day moving average is $263.58. The stock has a market cap of $199.76 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. International Business Machines Corporation has a 52-week low of $204.44 and a 52-week high of $332.46. 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 issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. Sell-side analysts predict that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, May 8th. International Business Machines’s payout ratio is 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.