International Business Machines Corporation $IBM Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 4.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 85,914 shares of the technology company’s stock after acquiring an additional 3,741 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in International Business Machines were worth $20,825,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its stake in shares of International Business Machines by 1.4% during the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after purchasing an additional 33 shares in the last quarter. Foster Group Inc. raised its position in shares of International Business Machines by 1.3% during the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after purchasing an additional 33 shares during the last quarter. New Covenant Trust Company N.A. lifted its stake in International Business Machines by 3.8% in the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after buying an additional 33 shares in the last quarter. McGowan Group Asset Management Inc. lifted its stake in International Business Machines by 1.2% in the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after buying an additional 33 shares in the last quarter. Finally, Altman Advisors Inc. boosted its holdings in International Business Machines by 0.3% in the 3rd quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock worth $2,802,000 after buying an additional 34 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.8%

Shares of NYSE IBM opened at $262.71 on Thursday. The stock has a market cap of $246.92 billion, a PE ratio of 23.23, a P/E/G ratio of 2.74 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.76 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 company has a 50-day moving average of $252.95 and a 200 day moving average of $267.58.

International Business Machines (NYSE:IBM) last released its 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. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.39 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 dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

More International Business Machines News

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

• Positive Sentiment: IBM announced a partnership with OpenAI through the Daybreak Cyber Partner Program, expanding its AI-powered cybersecurity offering and potentially opening a new growth avenue for enterprise security work. IBM and OpenAI Bring Frontier AI to Cyber Defense–Helping Enterprises Keep Pace with Machine-Speed Threats
• Positive Sentiment: JPMorgan upgraded IBM to Overweight/Buy and raised its price target to $291, citing improving confidence in IBM’s software growth and AI adoption story. IBM Stock Resists Tech Slump as J.P. Morgan Cheers Its Software Makeover
• Positive Sentiment: IBM also benefited from renewed enthusiasm around its quantum computing strategy after U.S. policy moves highlighted IBM as a key domestic quantum winner and boosted sentiment toward the company’s long-term technology roadmap.
• Neutral Sentiment: Recent coverage noted strong investor attention and heavier-than-usual trading in IBM, suggesting momentum is being driven more by headlines and analyst action than by a new earnings release.
• Neutral Sentiment: IBM extended $2.5 billion of syndicated credit facilities, improving liquidity and financial flexibility, but this is more of a balance-sheet support item than a direct earnings catalyst. IBM Extends Syndicated Credit Facilities, Enhancing Liquidity
• Negative Sentiment: Some commentary warned that despite the recent rally, IBM may face limits to further near-term upside if software estimate revisions or broader tech weakness cool enthusiasm.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on IBM shares. Citigroup boosted their price objective on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wedbush set a $350.00 target price on International Business Machines in a research report on Tuesday, June 2nd. HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and lifted their price target for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Wall Street Zen raised International Business Machines from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, JPMorgan Chase & Co. raised International Business Machines from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $270.00 to $291.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $306.94.

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.