Louisiana State Employees Retirement System Takes Position in International Business Machines Corporation $IBM

Louisiana State Employees Retirement System purchased a new position in International Business Machines Corporation (NYSE:IBM) during the first quarter, Holdings Channel.com reports. The fund purchased 47,600 shares of the technology company’s stock, valued at approximately $11,538,000.

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

International Business Machines News Summary

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

• Positive Sentiment: IBM unveiled what it says is the world’s first sub-1 nanometer chip technology, a potential industry milestone that could make AI chips smaller, faster, and more energy efficient. Investors are viewing the announcement as evidence that IBM remains an innovation leader in AI infrastructure and advanced computing. Article: Reuters
• Positive Sentiment: Several reports highlighted IBM’s new 0.7nm “nanostack” chip architecture, with claims of materially better performance and energy efficiency. That kind of technical progress can improve IBM’s long-term growth narrative, especially around AI and high-performance computing. Article: PR Newswire
• Positive Sentiment: JPMorgan reportedly upgraded IBM, citing stronger software growth prospects. Analyst upgrades can support the stock by reinforcing expectations for better earnings quality and recurring revenue growth. Article: Insider Monkey
• Positive Sentiment: IBM also drew attention after its OpenAI cybersecurity partnership, which investors may see as a catalyst for growth in enterprise AI and security services. Article: Barchart
• Neutral Sentiment: Some coverage noted that the new chip technology is still several years from commercial production, which may temper near-term enthusiasm even if the long-term story is stronger.

International Business Machines Stock Down 1.8%

IBM opened at $258.36 on Friday. The firm has a market capitalization of $242.83 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46. The company has a fifty day moving average price of $253.31 and a 200-day moving average price of $267.23. 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 (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 the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during 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 firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 12.39 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of International Business Machines in a research note on Tuesday. Wedbush set a $350.00 price target on International Business Machines in a report on Tuesday, June 2nd. BMO Capital Markets reduced their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research report on Thursday, April 23rd. Barclays began coverage on International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 price objective on the stock. Finally, Roth Mkm restated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus target price of $306.94.

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.