Simplicity Wealth LLC Acquires 3,578 Shares of International Business Machines Corporation $IBM

Simplicity Wealth LLC boosted its position in International Business Machines Corporation (NYSE:IBM) by 25.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 17,543 shares of the technology company’s stock after buying an additional 3,578 shares during the quarter. Simplicity Wealth LLC’s holdings in International Business Machines were worth $4,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBM. Family CFO Inc acquired a new position in International Business Machines in the fourth quarter valued at about $25,000. Basepoint Wealth LLC bought a new stake in shares of International Business Machines during the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in International Business Machines in the first quarter valued at $26,000. Joseph Group Capital Management bought a new stake in International Business Machines in the fourth quarter valued at approximately $28,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of International Business Machines during the 4th quarter worth approximately $28,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 2.5%

Shares of NYSE IBM traded down $7.45 during midday trading on Friday, hitting $287.85. 3,633,419 shares of the stock traded hands, compared to its average volume of 7,627,529. The company has a market cap of $270.55 billion, a PE ratio of 25.45, a P/E/G ratio of 2.85 and a beta of 0.68. The business has a 50 day moving average price of $263.77 and a two-hundred day moving average price of $266.17. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the previous year, the company posted $1.60 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. 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 dividend on an annualized basis and a dividend yield of 2.3%. International Business Machines’s payout ratio is presently 59.77%.

More International Business Machines News

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

Wall Street Analyst Weigh In

A number of analysts have issued reports on IBM shares. Weiss Ratings downgraded shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. KeyCorp cut International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They set a “buy” rating for the company. Piper Sandler raised International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer dropped their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $306.28.

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.