Keudell Morrison Wealth Management Takes $1.35 Million Position in International Business Machines Corporation $IBM

Keudell Morrison Wealth Management acquired a new stake in International Business Machines Corporation (NYSE:IBM) in the fourth quarter, HoldingsChannel reports. The fund acquired 4,543 shares of the technology company’s stock, valued at approximately $1,346,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IBM. Brighton Jones LLC grew its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Sivia Capital Partners LLC grew its position in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after acquiring an additional 186 shares during the period. Jump Financial LLC bought a new position in shares of International Business Machines in the 2nd quarter valued at about $211,000. Ieq Capital LLC lifted its stake in shares of International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after buying an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP lifted its stake in shares of International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock worth $300,000 after buying an additional 106 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines News Roundup

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

• Positive Sentiment: IBM and the U.S. Commerce Department announced a plan to build America’s first purpose-built quantum foundry, with a proposed $1 billion CHIPS award supporting the effort. IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award
• Positive Sentiment: The federal government’s broader $2 billion quantum investment package, which includes IBM as a major recipient, is reinforcing investor enthusiasm around IBM’s quantum leadership and future upside. Traders think this legacy tech stock is the ultimate quantum play
• Neutral Sentiment: Options activity spiked sharply, showing heavy trader interest in IBM as a quantum-related momentum play. Traders think this legacy tech stock is the ultimate quantum play
• Neutral Sentiment: IBM also continued to draw attention for its AI security initiatives and Red Hat-related partnerships, but those updates appear secondary to the quantum news driving the stock today. IBM Expands AI Security With Anthropic Partnership And Open Source Focus

Insider Transactions at International Business Machines

In other International Business Machines news, Director Michael Miebach acquired 434 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was purchased at an average price of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines Stock Performance

NYSE IBM opened at $253.14 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $237.92 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.33 and a beta of 0.58. International Business Machines Corporation has a 12-month low of $212.34 and a 12-month high of $324.90. The firm has a 50-day moving average price of $238.60 and a two-hundred day moving average price of $272.57.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The firm had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 EPS. Analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

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

Analyst Ratings Changes

Several research firms have weighed in on IBM. Royal Bank Of Canada lowered their price target on shares of International Business Machines from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a report on Friday, April 24th. Wedbush restated an “outperform” rating on shares of International Business Machines in a report on Thursday. Evercore boosted their price objective on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, HSBC upgraded International Business Machines from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $294.41.

About International Business Machines

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.