State of Wisconsin Investment Board Sells 14,054 Shares of International Business Machines Corporation $IBM

State of Wisconsin Investment Board reduced its stake in shares of International Business Machines Corporation (NYSE:IBM) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 489,341 shares of the technology company’s stock after selling 14,054 shares during the period. State of Wisconsin Investment Board’s holdings in International Business Machines were worth $144,948,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in International Business Machines by 424.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock worth $77,234,000 after buying an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA increased its position in International Business Machines by 19.1% in the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after buying an additional 2,930 shares during the last quarter. Waverton Investment Management Ltd increased its position in International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after buying an additional 32,072 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after buying an additional 3,029 shares during the last quarter. Finally, NEOS Investment Management LLC increased its position in International Business Machines by 51.7% in the third quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock worth $32,278,000 after buying an additional 38,973 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

More International Business Machines News

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

• Positive Sentiment: IBM highlighted a new global study showing many companies are locked into AI systems they cannot easily change, which supports IBM’s pitch for AI sovereignty, governance, and enterprise continuity as AI spending grows. IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI
• Positive Sentiment: IBM’s AI/data infrastructure ambitions were reinforced by its expanded OEM deal with Cirata for Big Replicate, aimed at helping customers move and prepare large-scale data for AI workloads. Cirata Deepens IBM Alliance With OEM Deal for Symphony Data Platform
• Positive Sentiment: IBM also unveiled new Apptio capabilities for AI-powered technology-spend management, which could improve enterprise adoption of IBM software and services. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
• Neutral Sentiment: Analysts continued to debate IBM’s valuation, with some articles saying the stock may still be below fair value while others framed it as a buy after its pullback. Analysts Offer Insights on Technology Companies: International Business Machines (IBM) and Interlink Electronics (LINK)
• Neutral Sentiment: IBM was also the subject of several bullish rating-upgrade and fair-value articles, suggesting Wall Street sees upside potential, but these were commentary pieces rather than new fundamental catalysts. IBM: Slow, Steady With Room For Multiple Expansion (Rating Upgrade)
• Negative Sentiment: One recent market note said IBM stock had fallen while the broader market rose, reflecting lingering concerns about momentum after the shares pulled back from earlier highs. IBM (IBM) Stock Sinks As Market Gains: Here’s Why

International Business Machines Stock Performance

NYSE:IBM opened at $270.66 on Wednesday. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. The business’s fifty day moving average is $250.88 and its 200 day moving average is $269.61. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $254.39 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.79 and a beta of 0.67.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping 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 analysts’ expectations of $15.60 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Research analysts predict 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. 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 annualized dividend and a yield of 2.5%. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Oppenheimer decreased their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Wedbush set a $350.00 price target on International Business Machines in a report on Tuesday, June 2nd. Citigroup boosted their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. BMO Capital Markets decreased their price objective on 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. Finally, UBS Group upgraded International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target 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.