Banco Bilbao Vizcaya Argentaria S.A. Purchases 26,370 Shares of International Business Machines Corporation $IBM

Banco Bilbao Vizcaya Argentaria S.A. raised its position in International Business Machines Corporation (NYSE:IBM) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256,460 shares of the technology company’s stock after buying an additional 26,370 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in International Business Machines were worth $76,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Boothbay Fund Management LLC bought a new position in shares of International Business Machines in the fourth quarter valued at approximately $358,000. Bridgeway Capital Management LLC lifted its holdings in International Business Machines by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 82,304 shares of the technology company’s stock worth $24,379,000 after acquiring an additional 1,559 shares during the period. Align Financial LLC purchased a new position in International Business Machines in the fourth quarter worth $9,388,000. Altshuler Shaham Ltd boosted its position in International Business Machines by 378,600.7% in the fourth quarter. Altshuler Shaham Ltd now owns 549,116 shares of the technology company’s stock worth $162,654,000 after purchasing an additional 548,971 shares during the last quarter. Finally, ACT Capital Management LLC bought a new position in International Business Machines in the 4th quarter valued at $1,333,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. JPMorgan Chase & Co. lowered their target price on International Business Machines from $317.00 to $283.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Stifel Nicolaus set a $290.00 price objective on shares of International Business Machines in a report on Friday, May 22nd. Weiss Ratings raised shares of International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. UBS Group raised shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 target price for the company in a research report on Wednesday, February 25th. Finally, DZ Bank upgraded shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $304.17.

International Business Machines Trading Down 3.2%

Shares of IBM opened at $262.04 on Thursday. International Business Machines Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46. The business has a 50-day moving average of $251.20 and a 200 day moving average of $269.32. The firm has a market cap of $246.29 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.

International Business Machines (NYSE:IBM) last issued its earnings results 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. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter last year, the business earned $1.60 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

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

International Business Machines News Roundup

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?

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.