International Business Machines Corporation $IBM Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC decreased its position in International Business Machines Corporation (NYSE:IBM) by 37.5% in the first quarter, Holdings Channel reports. The institutional investor owned 8,924 shares of the technology company’s stock after selling 5,350 shares during the period. Journey Advisory Group LLC’s holdings in International Business Machines were worth $2,163,000 as of its most recent filing with the SEC.

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

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM launched new Power systems and AI-related software, including Power Autonomous Operations and IBM Bob, highlighting continued product investment and a longer-term AI strategy.
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with multiple firms reiterating constructive ratings or higher price targets despite the selloff.
• Neutral Sentiment: IBM’s leadership says the weakness may reflect a broader shift in enterprise IT budgets rather than a collapse in AI demand, which could benefit AI hardware and cybersecurity peers. IBM warns second-quarter earnings fell short of expectations
• Negative Sentiment: IBM’s preliminary Q2 revenue and EPS both missed estimates, prompting a historic share selloff and sharply weakening investor confidence. IBM expects second-quarter revenue below estimates
• Negative Sentiment: Several law firms have announced securities-fraud investigations tied to the earnings warning, adding headline risk and potential overhang for IBM shares. Securities Fraud Investigation Into International Business Machines Corporation (IBM) Announced

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBM. Roth Capital reaffirmed a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Bank of America lifted their price objective on International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, July 6th. HSBC cut International Business Machines from a “hold” rating to a “reduce” rating and reduced their target price for the company from $231.00 to $191.00 in a report on Tuesday. Morgan Stanley lifted their price target on International Business Machines from $267.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Piper Sandler upgraded International Business Machines to an “overweight” rating in a report on Tuesday, June 23rd. Fourteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell 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 $307.17.

International Business Machines Price Performance

IBM stock opened at $211.25 on Thursday. International Business Machines Corporation has a 1 year low of $211.03 and a 1 year high of $332.46. 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 firm has a market capitalization of $198.55 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.10 and a beta of 0.68. The business has a 50 day simple moving average of $264.41 and a 200-day simple moving average of $264.54.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share 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 company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Corporation will post 12.43 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were given a dividend of $1.69 per share. The ex-dividend date was Friday, May 8th. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 3.2%. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

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.