Saxon Interests Inc. Reduces Holdings in International Business Machines Corporation $IBM

Saxon Interests Inc. lowered its stake in shares of International Business Machines Corporation (NYSE:IBM) by 44.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,998 shares of the technology company’s stock after selling 3,135 shares during the quarter. Saxon Interests Inc.’s holdings in International Business Machines were worth $969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after purchasing an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of International Business Machines by 10.6% during the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after buying an additional 186 shares during the last quarter. Jump Financial LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at $211,000. Ieq Capital LLC increased its position in shares of International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock valued at $11,383,000 after acquiring an additional 843 shares during the period. Finally, Vivaldi Capital Management LP raised its stake in International Business Machines by 11.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock worth $300,000 after acquiring an additional 106 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

Shares of NYSE IBM opened at $305.98 on Wednesday. The stock has a market capitalization of $287.59 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 3.09 and a beta of 0.68. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $332.46. The firm’s 50 day simple moving average is $259.83 and its 200-day simple moving average is $266.05. 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 earnings results 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. 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 analysts’ expectations of $15.60 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.2%. International Business Machines’s dividend payout ratio is presently 59.77%.

Analysts Set New Price Targets

IBM has been the topic of several research analyst reports. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target on the stock in a research note on Friday, April 24th. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of International Business Machines in a research note on Tuesday, June 23rd. KeyCorp downgraded shares of International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. Finally, HSBC upgraded shares of International Business Machines from a “reduce” rating to a “hold” rating and increased their price objective for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $306.47.

International Business Machines News Roundup

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

• Positive Sentiment: IBM launched new z17 and LinuxONE 5 configurations, including rack-mount and single-frame options, aimed at easing data-center space and cost constraints while strengthening its mainframe and enterprise infrastructure offering. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
• Positive Sentiment: Bank of America raised its price target on IBM to $330 and kept a buy rating, citing software strength, Red Hat momentum, infrastructure support, and the possibility of a modest guidance boost later this year. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
• Positive Sentiment: IBM also got a lift from quantum-computing headlines, including new research with Oak Ridge National Lab and Cleveland Clinic that achieved first-known computations of fusion materials on a quantum computer, reinforcing IBM’s AI/quantum leadership narrative. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
• Neutral Sentiment: IBM remained in focus as a Dow component benefiting from broader market strength, with multiple articles noting the stock’s continued rally and investor attention ahead of the July 22 earnings report.

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.