LSV Asset Management Cuts Position in International Business Machines Corporation $IBM

by · The Cerbat Gem

LSV Asset Management trimmed its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 90.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,980 shares of the technology company’s stock after selling 201,390 shares during the period. LSV Asset Management’s holdings in International Business Machines were worth $6,511,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in International Business Machines by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after buying an additional 1,439,824 shares during the last quarter. Capital World Investors boosted its holdings in International Business Machines by 13.9% in the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after buying an additional 2,077,506 shares during the last quarter. Legal & General Group Plc boosted its holdings in International Business Machines by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock worth $2,060,536,000 after buying an additional 176,219 shares during the last quarter. Amundi boosted its holdings in International Business Machines by 17.9% in the 3rd quarter. Amundi now owns 4,777,516 shares of the technology company’s stock worth $1,382,695,000 after buying an additional 725,191 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in International Business Machines by 2.2% in the 3rd quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company’s stock worth $1,106,414,000 after buying an additional 86,123 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Down 0.8%

International Business Machines stock opened at $251.69 on Wednesday. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $324.90. The stock’s fifty day simple moving average is $238.94 and its 200-day simple moving average is $271.49. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $236.56 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.63 and a beta of 0.58.

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

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid 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 yield of 2.7%. The ex-dividend date is Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup assumed coverage on International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 target price on the stock. Royal Bank Of Canada cut their target price on International Business Machines from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Argus set a $360.00 target price on International Business Machines in a research report on Friday, January 30th. BMO Capital Markets cut their target price on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus set a $290.00 target price on International Business Machines in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $294.41.

Read Our Latest Analysis on IBM

International Business Machines News Roundup

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

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.

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