OP Asset Management Ltd Takes $39.65 Million Position in International Business Machines Corporation $IBM

OP Asset Management Ltd purchased a new position in International Business Machines Corporation (NYSE:IBM) during the 1st quarter, Holdings Channel.com reports. The firm purchased 163,567 shares of the technology company’s stock, valued at approximately $39,647,000.

A number of other large investors have also added to or reduced their stakes in the stock. Basepoint Wealth LLC purchased a new stake in shares of International Business Machines in the fourth quarter worth $25,000. Family CFO Inc purchased a new position in shares of International Business Machines in the 4th quarter worth about $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter worth about $28,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines during the 4th quarter valued at about $28,000. Finally, SWAN Capital LLC bought a new stake in International Business Machines during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

IBM stock opened at $262.71 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. The company has a market cap of $246.92 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.74 and a beta of 0.67. The stock’s fifty day moving average price is $252.95 and its 200-day moving average price is $267.58.

International Business Machines (NYSE:IBM) last posted its earnings results 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 the consensus estimate 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 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. On average, equities analysts forecast that International Business Machines Corporation will post 12.39 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. This is a boost 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 dividend yield of 2.6%. International Business Machines’s dividend payout ratio (DPR) is currently 59.77%.

Wall Street Analyst Weigh In

IBM has been the topic of a number of recent analyst reports. Morgan Stanley upgraded shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a report on Tuesday. KeyCorp lowered International Business Machines to a “sector weight” rating in a report on Tuesday. Piper Sandler raised International Business Machines to an “overweight” rating in a report on Tuesday. Wall Street Zen upgraded International Business Machines from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Citigroup upped their target price on shares of International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.94.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM announced a partnership with OpenAI through the Daybreak Cyber Partner Program, expanding its AI-powered cybersecurity offering and potentially opening a new growth avenue for enterprise security work. IBM and OpenAI Bring Frontier AI to Cyber Defense–Helping Enterprises Keep Pace with Machine-Speed Threats
• Positive Sentiment: JPMorgan upgraded IBM to Overweight/Buy and raised its price target to $291, citing improving confidence in IBM’s software growth and AI adoption story. IBM Stock Resists Tech Slump as J.P. Morgan Cheers Its Software Makeover
• Positive Sentiment: IBM also benefited from renewed enthusiasm around its quantum computing strategy after U.S. policy moves highlighted IBM as a key domestic quantum winner and boosted sentiment toward the company’s long-term technology roadmap.
• Neutral Sentiment: Recent coverage noted strong investor attention and heavier-than-usual trading in IBM, suggesting momentum is being driven more by headlines and analyst action than by a new earnings release.
• Neutral Sentiment: IBM extended $2.5 billion of syndicated credit facilities, improving liquidity and financial flexibility, but this is more of a balance-sheet support item than a direct earnings catalyst. IBM Extends Syndicated Credit Facilities, Enhancing Liquidity
• Negative Sentiment: Some commentary warned that despite the recent rally, IBM may face limits to further near-term upside if software estimate revisions or broader tech weakness cool enthusiasm.

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.