Cibc World Market Inc. Increases Stake in International Business Machines Corporation $IBM

Cibc World Market Inc. increased its holdings in International Business Machines Corporation (NYSE:IBM) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 253,671 shares of the technology company’s stock after acquiring an additional 6,155 shares during the period. Cibc World Market Inc.’s holdings in International Business Machines were worth $75,140,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IBM. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in International Business Machines by 424.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after buying an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA raised its holdings in International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock valued at $5,417,000 after buying an additional 2,930 shares during the last quarter. Waverton Investment Management Ltd raised its holdings in International Business Machines by 3.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock valued at $280,439,000 after buying an additional 32,072 shares during the last quarter. Newbridge Financial Services Group Inc. raised its holdings in International Business Machines by 30.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock valued at $3,887,000 after buying an additional 3,029 shares during the last quarter. Finally, NEOS Investment Management LLC raised its holdings in International Business Machines by 51.7% during the 3rd quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company’s stock valued at $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.

International Business Machines News Roundup

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

• Positive Sentiment: IBM unveiled a global AI Builders Challenge and expanded access to IBM Bob for 20,000 post-secondary institutions, a move that supports adoption of its AI tools and helps build future enterprise demand. IBM Launches Global AI Builders Challenge With IBM Bob for University Students, Expanding Availability of IBM Bob to 20,000 Post-Secondary Institutions Worldwide
• Positive Sentiment: IBM announced a strategic partnership with three.ws to advance AI-powered 3D agent technology, adding another potential enterprise use case for its hybrid cloud and AI platform. three.ws and IBM Announce Strategic Partnership to Advance AI-Powered 3D Agent Technology
• Positive Sentiment: Barclays initiated coverage on IBM with an Overweight rating and a $350 price target, signaling further upside after the stock’s sharp recent run. Benzinga coverage of Barclays initiation
• Positive Sentiment: IBM CEO Arvind Krishna publicly backed the administration’s narrower AI executive order, which may be viewed favorably by investors who prefer lighter-touch regulation for enterprise AI deployment. Exclusive: IBM CEO backs Trump’s narrowed AI executive order
• Neutral Sentiment: Several articles highlighted IBM’s growing role in quantum computing and workforce training, reinforcing the company’s innovation story but not adding a fresh financial surprise beyond the already announced investment plans. IBM CEO sends strong message on quantum computing
• Neutral Sentiment: Market commentary also focused on whether IBM’s rally has gone too far, with some analysts and writers warning that valuation is becoming stretched after the recent surge. What IBM’s $10-Billion Quantum Project Means For Smaller Players

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IBM shares. Weiss Ratings cut shares of International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. 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 research report on Wednesday, February 25th. Stifel Nicolaus set a $290.00 target price on shares of International Business Machines in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Finally, Wedbush set a $350.00 target price on shares of International Business Machines in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.17.

International Business Machines Stock Down 6.9%

Shares of International Business Machines stock opened at $306.36 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The company has a 50-day moving average of $244.38 and a 200 day moving average of $270.87. The firm has a market cap of $287.95 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.41 and a beta of 0.67. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. International Business Machines’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $1.60 EPS. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

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.