Sovran Advisors LLC Buys 5,578 Shares of International Business Machines Corporation $IBM

Sovran Advisors LLC increased its stake in International Business Machines Corporation (NYSE:IBM) by 368.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,090 shares of the technology company’s stock after buying an additional 5,578 shares during the period. Sovran Advisors LLC’s holdings in International Business Machines were worth $1,638,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBM. Family CFO Inc bought a new position in International Business Machines in the fourth quarter worth $25,000. Basepoint Wealth LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new position in International Business Machines during the 1st quarter valued at approximately $26,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $28,000. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.1%

International Business Machines stock opened at $287.85 on Monday. The company has a market cap of $270.55 billion, a PE ratio of 25.45, a PEG ratio of 2.78 and a beta of 0.68. The business’s 50-day simple moving average is $263.77 and its two-hundred day simple moving average is $265.91. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. 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 (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.92 billion for 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. Equities analysts anticipate that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s payout ratio is 59.77%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IBM shares. Susquehanna initiated coverage on International Business Machines in a research report on Friday. They issued a “neutral” rating and a $303.00 target price on the stock. Needham & Company LLC started coverage on International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating for the company. DZ Bank upgraded shares of 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. BMO Capital Markets dropped their target price on shares of 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. Finally, Bank of America upped their price target on shares of International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $306.28.

International Business Machines News Roundup

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

International Business Machines Company 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.