Keybank National Association OH Sells 5,567 Shares of International Business Machines Corporation $IBM

Keybank National Association OH trimmed its holdings in International Business Machines Corporation (NYSE:IBM) by 2.4% in the first quarter, Holdings Channel reports. The fund owned 227,802 shares of the technology company’s stock after selling 5,567 shares during the period. Keybank National Association OH’s holdings in International Business Machines were worth $55,217,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Family CFO Inc acquired a new stake in International Business Machines in the 4th quarter valued at approximately $25,000. Basepoint Wealth LLC acquired a new stake in International Business Machines in the fourth quarter valued at $25,000. Portus Wealth Advisors LLC bought a new position in International Business Machines during the first quarter worth about $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines during the 4th quarter worth approximately $28,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of International Business Machines in the fourth quarter valued at $28,000. Institutional investors own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM unveiled what was described as the world’s first 0.7-nanometer semiconductor technology, reinforcing its innovation story and potentially strengthening long-term confidence in its engineering leadership.
• Positive Sentiment: Analysts continue to point to IBM’s improving earnings outlook, with articles noting its strong history of beating estimates and suggesting another earnings beat could be ahead.
• Positive Sentiment: IBM’s hybrid cloud, AI demand, and quantum computing initiatives are still being viewed as key growth catalysts, which may help offset concerns that the stock has lagged the industry over the past three months.
• Neutral Sentiment: IBM hired Stagwell to refresh its global brand and campaign strategy, a move aimed at better aligning marketing with its AI, cloud, and quantum messaging.
• Neutral Sentiment: Coverage around IBM’s quantum computing bet remains mixed: bullish long-term commentary is being balanced by warnings that the technology still carries meaningful execution risk.
• Neutral Sentiment: A separate note from Trefis highlighted a wide range of possible outcomes for IBM, underscoring that the market is still debating the stock’s next chapter and valuation.
• Negative Sentiment: One article warned that IBM is lagging its industry recently and faces competitive pressure from Anthropic’s COBOL modernization efforts, which could weigh on sentiment if investors see it as a threat to legacy services.
• Negative Sentiment: Commentary on AI automation also noted that some companies, including IBM, have had to rehire workers after AI-driven cuts fell short, which may temper enthusiasm around near-term AI productivity gains.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBM. Barclays assumed coverage on International Business Machines in a research note on Monday, June 1st. They set an “overweight” rating and a $350.00 target price on the stock. Piper Sandler upgraded shares of International Business Machines to an “overweight” rating in a research report on Tuesday, June 23rd. Citigroup raised their price objective on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Needham & Company LLC began coverage on shares of International Business Machines in a research note on Wednesday, June 3rd. They set a “buy” rating on the stock. Finally, Roth Mkm reaffirmed a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $306.76.

International Business Machines Trading Up 0.9%

Shares of IBM stock opened at $288.95 on Friday. The stock has a 50 day simple moving average of $256.25 and a two-hundred day simple moving average of $266.20. The company has a market cap of $271.58 billion, a P/E ratio of 25.55, a PEG ratio of 2.96 and a beta of 0.68. 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 Corporation has a fifty-two week low of $212.34 and a fifty-two week high of $332.46.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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 earnings per share. International Business Machines’s revenue was up 9.5% on a year-over-year basis. Research analysts forecast that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio (DPR) is 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.