Altshuler Shaham Ltd Buys 548,971 Shares of International Business Machines Corporation $IBM

Altshuler Shaham Ltd grew its stake in International Business Machines Corporation (NYSE:IBM) by 378,600.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 549,116 shares of the technology company’s stock after acquiring an additional 548,971 shares during the period. International Business Machines makes up 2.4% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 14th largest position. Altshuler Shaham Ltd’s holdings in International Business Machines were worth $162,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in International Business Machines by 424.6% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock valued at $77,234,000 after purchasing an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA increased its position in International Business Machines by 19.1% during the 4th quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock worth $5,417,000 after buying an additional 2,930 shares during the period. Waverton Investment Management Ltd increased its position in shares of International Business Machines by 3.3% in the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company’s stock worth $280,439,000 after purchasing an additional 32,072 shares during the period. Newbridge Financial Services Group Inc. increased its position in shares of International Business Machines by 30.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after purchasing an additional 3,029 shares during the period. Finally, Rice Partnership LLC bought a new position in shares of International Business Machines in the fourth quarter worth $3,317,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $262.04 on Thursday. 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 firm has a market capitalization of $246.29 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.81 and a beta of 0.67. The stock’s 50-day simple moving average is $251.20 and its two-hundred day simple moving average is $269.32. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The firm 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 period in the prior year, the company earned $1.60 EPS. As a group, equities analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 annualized dividend and a yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is 59.77%.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM highlighted a new global study showing enterprises are struggling with AI dependencies and sovereignty, underscoring demand for IBM’s governance, security, and hybrid-cloud offerings. IBM Study: Limited Control and Rising Dependencies Leave Enterprises Exposed in the Age of AI
• Positive Sentiment: IBM and Cirata expanded their alliance with an OEM deal for the Symphony data platform, aimed at easing AI data bottlenecks and improving large-scale data movement for enterprise AI workflows. IBM (IBM) Launches Big Replicate With Cirata To Tackle AI Data Bottlenecks
• Positive Sentiment: Apptio, an IBM company, launched new AI-powered capabilities to help customers turn technology spending into measurable business outcomes, reinforcing IBM’s software and optimization story. Apptio Unveils Conversational Insights and New Suite of AI-Powered Capabilities
• Neutral Sentiment: Analysts published fresh commentary on IBM, including valuation-focused coverage and a rating upgrade, which may help sentiment but does not appear tied to a major business catalyst. Analysts Offer Insights on Technology Companies: International Business Machines (IBM) and Interlink Electronics (LINK)
• Neutral Sentiment: Broader market weakness after the Fed’s policy update could weigh on IBM along with other large-cap stocks, even though it is not IBM-specific. Nasdaq, US stocks slide as Fed forecasts possible rate hike
• Negative Sentiment: IBM also faced some caution from articles suggesting the stock had recently fallen meaningfully from prior highs, which may reflect lingering valuation concerns despite the AI optimism. Buy, Hold, or Sell: IBM Just Shed 16% Is It a Clear Buy at $268?

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IBM shares. Needham & Company LLC started coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating on the stock. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Barclays started coverage on International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 price target on the stock. Oppenheimer lowered their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, Citigroup boosted their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average target price of $304.17.

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.