Captrust Financial Advisors Cuts Position in International Business Machines Corporation $IBM

Captrust Financial Advisors trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 11.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 505,404 shares of the technology company’s stock after selling 62,366 shares during the quarter. Captrust Financial Advisors’ holdings in International Business Machines were worth $149,706,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $25,000. Family CFO Inc purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $25,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of International Business Machines during the fourth quarter worth approximately $28,000. Finally, SWAN Capital LLC purchased a new stake in shares of International Business Machines during the third quarter worth approximately $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup increased their price target on shares of International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wedbush set a $350.00 price target on shares of International Business Machines in a research note on Tuesday, June 2nd. BMO Capital Markets dropped their price target on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a research note on Friday, April 24th. Finally, Roth Mkm reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines News Roundup

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

• Positive Sentiment: IBM and Cirata announced an OEM partnership for the next generation of Big Replicate, aimed at removing petabyte-scale AI data bottlenecks and improving governance for large enterprise AI workflows. IBM Launches Big Replicate With Cirata To Tackle AI Data Bottlenecks
• Positive Sentiment: Apptio, which IBM owns, unveiled new AI-powered capabilities to help customers turn technology spending into measurable business outcomes, reinforcing IBM’s AI and hybrid-cloud monetization story. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
• Positive Sentiment: Several recent commentary pieces and rating upgrades argue IBM has room for multiple expansion, with one article saying the stock could be materially below fair value as the AI narrative builds. IBM Stock Could Be 22.4% Below Fair Value as AI Narrative Builds
• Positive Sentiment: Analysts cited IBM’s recent selloff as a potential buying opportunity, with commentary noting the shares have pulled back from earlier highs while fundamentals remain supportive. Buy, Hold, or Sell: IBM Just Shed 16% Is It a Clear Buy at 268?
• Neutral Sentiment: IBM shares have been volatile recently, with a one-day decline reported in prior coverage before today’s rebound, suggesting traders are still weighing valuation against execution on AI growth. IBM Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: The $17 million DOJ settlement referenced in recent coverage is a governance overhang, though it appears more notable for compliance optics than for direct financial impact. IBM’s $17 million DOJ settlement makes the case for civility

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $270.66 on Wednesday. The firm has a market capitalization of $254.39 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.79 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 quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The firm’s 50 day moving average is $250.88 and its two-hundred day moving average is $269.61.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. Research analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a $1.69 dividend. 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. This represents a $6.76 annualized dividend and a dividend yield of 2.5%. International Business Machines’s dividend payout ratio is currently 59.77%.

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.