Integrity Alliance LLC. Buys 13,546 Shares of International Business Machines Corporation $IBM

by · The Cerbat Gem

Integrity Alliance LLC. boosted its stake in International Business Machines Corporation (NYSE:IBMFree Report) by 341.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,512 shares of the technology company’s stock after acquiring an additional 13,546 shares during the quarter. Integrity Alliance LLC.’s holdings in International Business Machines were worth $5,187,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IBM. AlphaQuest LLC raised its holdings in shares of International Business Machines by 48.4% in the 4th quarter. AlphaQuest LLC now owns 4,259 shares of the technology company’s stock valued at $1,262,000 after acquiring an additional 1,390 shares in the last quarter. Collaborative Wealth Managment Inc. purchased a new stake in shares of International Business Machines in the 4th quarter valued at about $293,000. Goepper Burkhardt LLC purchased a new stake in shares of International Business Machines in the 4th quarter valued at about $227,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of International Business Machines by 46.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,532 shares of the technology company’s stock valued at $750,000 after acquiring an additional 805 shares in the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of International Business Machines by 3.6% in the 4th quarter. Smithfield Trust Co now owns 19,257 shares of the technology company’s stock valued at $5,706,000 after acquiring an additional 661 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $251.69 on Wednesday. The stock has a market cap of $236.56 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.63 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $324.90. The stock’s 50-day moving average is $238.94 and its 200 day moving average is $271.49.

International Business Machines (NYSE:IBMGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.60 EPS. On average, sell-side analysts anticipate that International Business Machines Corporation will post 12.4 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s payout ratio is 59.77%.

Key Stories Impacting International Business Machines

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

  • Positive Sentiment: IBM is being seen as a key beneficiary of the U.S. government’s quantum computing funding plan, which has boosted enthusiasm for its quantum ambitions and may provide additional support for the stock. Article Title
  • Positive Sentiment: IBM signed a five-year global technology modernization agreement with Abertis, a new enterprise deal that could add to consulting revenue and reinforce IBM’s role in digital transformation projects. Article Title
  • Neutral Sentiment: Commentary from analysts and media outlets suggests IBM’s quantum business is helping investor sentiment, but the near-term move is also tied to broader excitement across quantum stocks and ETFs rather than IBM-specific earnings changes. Article Title
  • Negative Sentiment: Some recent coverage notes IBM has struggled over the past year and remains under pressure versus its longer-term trend, which may temper investor enthusiasm despite the latest positive headlines. Article Title

Analyst Upgrades and Downgrades

Several analysts have weighed in on IBM shares. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a report on Friday, April 24th. Oppenheimer lowered their price target on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Evercore raised their price target on International Business Machines from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. lowered their price target on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, Jefferies Financial Group decreased their price objective on International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average target price of $294.41.

Check Out Our Latest Analysis on IBM

International Business Machines Profile

(Free Report)

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.

Further Reading

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