Fiduciary Alliance LLC Sells 5,556 Shares of International Business Machines Corporation $IBM

Fiduciary Alliance LLC trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 18.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,322 shares of the technology company’s stock after selling 5,556 shares during the period. Fiduciary Alliance LLC’s holdings in International Business Machines were worth $5,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Family CFO Inc acquired a new stake in International Business Machines during the 4th quarter valued at $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $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 bought a new position in shares of International Business Machines in the fourth quarter valued at about $28,000. Finally, SWAN Capital LLC acquired a new stake in shares of International Business Machines during the 3rd quarter worth about $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines News Summary

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.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $262.71 on Thursday. 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 stock has a market capitalization of $246.92 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The company has a 50-day simple moving average of $252.95 and a two-hundred day simple moving average of $267.58.

International Business Machines (NYSE:IBM) last announced 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. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. Analysts forecast that International Business Machines Corporation will post 12.39 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 annualized dividend and a dividend yield of 2.6%. International Business Machines’s payout ratio is currently 59.77%.

Analyst Ratings Changes

Several brokerages recently commented on IBM. UBS Group raised shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price for the company in a report on Wednesday, February 25th. Susquehanna began coverage on shares of International Business Machines in a research report on Tuesday. They set a “neutral” rating for the company. Jefferies Financial Group began coverage on International Business Machines in a report on Tuesday. They set a “buy” rating for the company. Piper Sandler raised International Business Machines to an “overweight” rating in a research report on Tuesday. Finally, Needham & Company LLC assumed coverage on International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $306.94.

About International Business Machines

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.