Purpose Unlimited Inc. Takes $817,000 Position in International Business Machines Corporation $IBM

Purpose Unlimited Inc. bought a new stake in International Business Machines Corporation (NYSE:IBM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,757 shares of the technology company’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds have also bought and sold shares of IBM. Cornerstone Planning LLC acquired a new position in International Business Machines during the fourth quarter valued at approximately $4,366,000. Forty three Eighteen Advisors LLC acquired a new position in shares of International Business Machines during the 4th quarter worth approximately $2,063,000. Rockefeller Capital Management L.P. raised its stake in shares of International Business Machines by 20.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 564,188 shares of the technology company’s stock worth $167,118,000 after purchasing an additional 95,065 shares in the last quarter. Osbon Capital Management LLC bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $39,000. Finally, Lane Brothers & Co. Inc. acquired a new stake in shares of International Business Machines in the 4th quarter valued at approximately $314,000. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IBM. BMO Capital Markets lowered their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target for the company in a research note on Wednesday, February 25th. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.17.

International Business Machines News Summary

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?

International Business Machines Stock Up 0.2%

IBM stock opened at $249.72 on Friday. 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 firm has a market capitalization 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 1-year low of $212.34 and a 1-year high of $332.46. The business’s 50 day simple moving average is $251.46 and its 200 day simple moving average is $268.77.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines’s 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.