International Business Machines Corporation $IBM Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 375,636 shares of the technology company’s stock after purchasing an additional 29,229 shares during the quarter. Cerity Partners LLC’s holdings in International Business Machines were worth $111,269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LeClair Wealth Partners LLC acquired a new position in International Business Machines during the fourth quarter worth $202,000. Erste Asset Management GmbH raised its holdings in International Business Machines by 31.1% during the fourth quarter. Erste Asset Management GmbH now owns 254,415 shares of the technology company’s stock worth $77,751,000 after purchasing an additional 60,404 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of International Business Machines by 10.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 165,928 shares of the technology company’s stock worth $49,150,000 after acquiring an additional 15,814 shares during the last quarter. Kilner Capital Advisors LLC acquired a new position in shares of International Business Machines in the fourth quarter worth $783,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of International Business Machines in the fourth quarter worth $658,000. 58.96% of the stock is owned by institutional investors and hedge funds.

More International Business Machines News

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

• Positive Sentiment: IBM CEO Arvind Krishna highlighted the company’s quantum-computing ambitions, AI strategy, and potential government support, reinforcing the idea that IBM could benefit from long-duration demand in advanced computing. IBM CEO Krishna on Quantum Advantage, Profit Strategy
• Positive Sentiment: IBM expanded its AI training and upskilling efforts, including new learning pathways and student programs, which may help strengthen its enterprise AI ecosystem and future consulting demand. IBM AI Upskilling Push Tests Long Term Growth Story For Investors
• Positive Sentiment: IBM’s new AI partnership with Google Cloud was framed as a multi-billion-dollar opportunity, potentially boosting consulting revenue and enterprise adoption of IBM’s AI tools. As IBM Unlocks a ‘Multi-Billion-Dollar Opportunity’ With Google, The Stock Is a Buy
• Neutral Sentiment: Commentary from analysts and investors remained constructive on IBM’s durable software and infrastructure cash flow, but these pieces were more opinion-driven than new fundamental disclosures. Wall Street Is Missing the Bigger Picture: Why This Legacy Tech Stalwart Is a Screaming Buy Right Now
• Negative Sentiment: IBM’s stock has also faced some pressure after the company committed more than $10 billion to quantum computing over five years, raising questions about near-term returns and capital allocation. IBM Stock Slides as Company Bets $10 Billion on Quantum Computing
• Negative Sentiment: IBM also drew attention to AI governance concerns in a new study showing many enterprise leaders are not fully prepared to control AI deployments, which could temper enthusiasm around its AI growth story. New IBM Study Finds CIOs and CTOs Face Growing AI Control Gap as Enterprise Deployment Scales

International Business Machines Price Performance

Shares of NYSE IBM opened at $277.22 on Wednesday. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The business has a 50-day moving average of $248.08 and a 200-day moving average of $270.61. 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 market capitalization of $260.55 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.91 and a beta of 0.67.

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 company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th will be given a $1.69 dividend. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.4%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBM. Barclays began coverage on International Business Machines in a report on Monday, June 1st. They issued an “overweight” rating and a $350.00 price target for the company. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. BMO Capital Markets lowered their price objective 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. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research report on Friday, April 24th. Finally, Needham & Company LLC began coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.17.

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.