Diversified Trust Co Grows Stake in International Business Machines Corporation $IBM

Diversified Trust Co increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 24.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 26,538 shares of the technology company’s stock after acquiring an additional 5,163 shares during the period. Diversified Trust Co’s holdings in International Business Machines were worth $6,433,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the fourth quarter valued at $25,000. Basepoint Wealth LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $25,000. Joseph Group Capital Management purchased a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth about $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at about $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

Analysts Set New Price Targets

Several research firms have weighed in on IBM. Barclays initiated coverage on shares of International Business Machines in a report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price for the company. UBS Group upgraded shares of International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price target on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Roth Mkm restated a “buy” rating on shares of International Business Machines in a research report on Wednesday, June 3rd. Finally, 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 research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $304.17.

International Business Machines Trading Up 0.2%

International Business Machines stock opened at $249.72 on Friday. The stock has a 50-day moving average price of $251.46 and a 200 day moving average price of $268.77. International Business Machines Corporation has a 52 week low of $212.34 and a 52 week high of $332.46. The stock has a market cap of $234.71 billion, a PE ratio of 22.08, a P/E/G ratio of 2.58 and a beta of 0.67. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

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

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were given a $1.69 dividend. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) is presently 59.77%.

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.