Sentinel Dome Partners LLC Acquires Shares of 13,300 International Business Machines Corporation $IBM

Sentinel Dome Partners LLC bought a new position in International Business Machines Corporation (NYSE:IBM) in the fourth quarter, HoldingsChannel reports. The firm bought 13,300 shares of the technology company’s stock, valued at approximately $3,940,000. International Business Machines accounts for 2.7% of Sentinel Dome Partners LLC’s holdings, making the stock its 12th largest holding.

A number of other institutional investors also recently bought and sold shares of IBM. Basepoint Wealth LLC bought a new position in International Business Machines during the fourth quarter valued at $25,000. Family CFO Inc bought a new position in International Business Machines during the 4th quarter valued at about $25,000. Joseph Group Capital Management bought a new position in International Business Machines during the 4th quarter valued at about $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines in the 4th quarter worth about $28,000. Finally, SWAN Capital LLC bought a new stake in International Business Machines in the third quarter worth about $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Up 0.2%

Shares of NYSE:IBM opened at $249.72 on Friday. The business’s 50 day moving average is $251.46 and its 200 day moving average is $268.77. The stock has a market cap of $234.71 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share 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 prior year, the business earned $1.60 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of analyst reports. Wall Street Zen cut International Business Machines from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Stifel Nicolaus set a $290.00 price objective on International Business Machines in a report on Friday, May 22nd. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, BMO Capital Markets decreased their target price on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $304.17.

Key Headlines Impacting International Business Machines

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 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.