USS Investment Management Ltd Purchases 3,794 Shares of International Business Machines Corporation $IBM

USS Investment Management Ltd boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,718 shares of the technology company’s stock after acquiring an additional 3,794 shares during the period. USS Investment Management Ltd’s holdings in International Business Machines were worth $36,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new position in shares of International Business Machines in the 1st quarter valued at approximately $26,000. Joseph Group Capital Management bought a new stake in International Business Machines during the 4th quarter worth approximately $28,000. Finally, Cornerstone Financial Management LLC bought a new stake in International Business Machines during the 4th quarter worth approximately $28,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of IBM opened at $281.78 on Wednesday. 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 Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The stock has a market capitalization of $264.85 billion, a P/E ratio of 24.91, a P/E/G ratio of 2.88 and a beta of 0.67. The company has a 50 day moving average of $254.94 and a 200-day moving average of $266.51.

International Business Machines (NYSE:IBM) last announced its 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 business had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. As a group, equities research analysts forecast that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.4%. 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 currently 59.77%.

Key International Business Machines News

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

• Positive Sentiment: IBM’s announcement of the world’s first sub-1 nanometer chip has fueled optimism that the company is still a major innovation leader in AI infrastructure and next-generation computing. International Business Machines (IBM) Is Up 10.2% After Unveiling 0.7 nm Nanostack Chip Breakthrough
• Positive Sentiment: IBM continues to be highlighted as an AI and quantum-computing beneficiary, with articles pointing to its growing AI consulting business and leadership edge versus smaller quantum rivals. The Quantum Bubble Is Real Enough to Take Seriously (IBM)
• Positive Sentiment: IBM was also cited in a new stablecoin-network initiative alongside major payments and tech firms, suggesting it remains relevant in enterprise digital infrastructure and payments-related innovation. Circle Stock Sinks After Visa, Others Announce Rival Stablecoin Network
• Neutral Sentiment: IBM selected Stagwell for creative/brand work and Omnicom Media as global media agency of record, but these are more marketing operations updates than direct earnings drivers. IBM Picks Stagwell as Creative Partner IBM Selects Stagwell as Lead Creative Partner IBM to Appoint Omnicom Media as Global Media Agency of Record
• Neutral Sentiment: Analyst and media pieces previewing IBM’s next earnings report suggest single-digit earnings growth, which supports steady expectations but does not appear to be a major new catalyst. What to Expect From International Business Machines’ Next Quarterly Earnings Report
• Negative Sentiment: One commentary noted IBM is still down sharply from prior levels, reminding investors that despite the recent rally, the stock has already had a long period of underperformance. IBM, Verizon, Corning And A Health Care Stock On CNBC’s ‘Final Trades’

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on IBM shares. JPMorgan Chase & Co. raised shares of International Business Machines from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $270.00 to $291.00 in a research note on Tuesday, June 23rd. Barclays assumed coverage on shares of International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 price objective for the company. Oppenheimer cut their price objective on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Wedbush set a $350.00 target price on shares of International Business Machines in a research note on Tuesday, June 2nd. Finally, Susquehanna assumed coverage on International Business Machines in a report on Tuesday, June 23rd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.94.

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.