PeakShares LLC Acquires Shares of 3,264 International Business Machines Corporation $IBM

PeakShares LLC acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,264 shares of the technology company’s stock, valued at approximately $967,000.

A number of other institutional investors have also made changes to their positions in the business. Basepoint Wealth LLC acquired a new stake in International Business Machines during the 4th quarter valued at $25,000. Family CFO Inc bought a new position in International Business Machines during the fourth quarter worth $25,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Finally, SWAN Capital LLC bought a new position in shares of International Business Machines in the third quarter valued at about $28,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.2%

Shares of International Business Machines stock opened at $249.72 on Friday. The firm has a 50-day moving average of $251.46 and a 200-day moving average of $268.77. The stock has a market cap of $234.71 billion, a PE ratio of 22.08, a PEG ratio of 2.58 and a beta of 0.67. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. 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 released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating 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 the consensus estimate of $15.60 billion. During the same period in the prior year, the company posted $1.60 earnings per share. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

International Business Machines News Roundup

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. Wedbush set a $350.00 target price on shares of International Business Machines in a research note on Tuesday, June 2nd. HSBC raised shares of International Business Machines from a “reduce” rating to a “hold” rating and increased their price target for the company from $218.00 to $231.00 in a report on Tuesday, April 28th. Citigroup raised their price objective on shares of International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Oppenheimer reduced their price objective 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. Finally, Stifel Nicolaus set a $290.00 target price on International Business Machines in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $304.17.

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.