International Business Machines Corporation $IBM Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in International Business Machines Corporation (NYSE:IBM) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,464 shares of the technology company’s stock after buying an additional 3,540 shares during the period. Bleakley Financial Group LLC’s holdings in International Business Machines were worth $13,763,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Family CFO Inc acquired a new stake in International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management acquired a new stake in International Business Machines in the 4th quarter worth about $28,000. SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter worth about $28,000. DecisionPoint Financial LLC boosted its stake in International Business Machines by 1,666.7% in the 4th quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of International Business Machines in the 4th quarter valued at about $31,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $253.88 on Tuesday. The stock’s 50 day moving average price is $238.83 and its 200 day moving average price is $271.88. The firm has a market capitalization of $238.62 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. 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 $324.90.

International Business Machines (NYSE:IBM) last released its quarterly 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 firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a dividend of $1.69 per share. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.7%. International Business Machines’s dividend payout ratio is presently 59.77%.

Insider Buying and Selling

In related news, Director Michael Miebach purchased 434 shares of International Business Machines stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the transaction, the director owned 434 shares of the company’s stock, valued at approximately $101,265.22. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM is being linked to a major U.S. government quantum-computing funding push, which has lifted sentiment across the sector and reinforced the view that IBM could be a key long-term beneficiary of federal investment in the technology. Article Title
• Positive Sentiment: Articles about Trump’s $2 billion quantum push and a $1 billion investment tied to an IBM-backed quantum foundry have strengthened the “IBM as a quantum leader” narrative, which may support the stock. Article Title
• Positive Sentiment: IBM’s India executive said the country’s AI ambitions depend on workforce re-skilling and policy support, keeping IBM in the conversation as a major enterprise AI and consulting player in a large growth market. Article Title
• Neutral Sentiment: Jim Cramer said IBM “should be doing better,” echoing a view that the company’s fundamentals and strategic positioning may be stronger than its recent share performance has implied. Article Title
• Negative Sentiment: IBM is also winding down its Russia business, which is a sign of continued geopolitical disruption and may modestly weigh on revenue expectations, though the financial impact appears limited. Article Title

Analysts Set New Price Targets

IBM has been the topic of several research analyst reports. Erste Group Bank lowered International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Argus set a $360.00 price objective on International Business Machines in a research note on Friday, January 30th. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a research note on Friday. Wedbush reaffirmed an “outperform” rating on shares of International Business Machines in a research note on Thursday. Finally, HSBC raised International Business Machines from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $218.00 to $231.00 in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.41.

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.