SageGuard Financial Group LLC Has $7.24 Million Stock Position in International Business Machines Corporation $IBM

SageGuard Financial Group LLC lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,865 shares of the technology company’s stock after selling 3,086 shares during the period. International Business Machines comprises 1.1% of SageGuard Financial Group LLC’s holdings, making the stock its 25th largest holding. SageGuard Financial Group LLC’s holdings in International Business Machines were worth $7,239,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CVA Family Office LLC increased its holdings in International Business Machines by 1.4% in the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after purchasing an additional 33 shares during the period. Foster Group Inc. lifted its holdings in International Business Machines by 1.3% during the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after buying an additional 33 shares during the period. New Covenant Trust Company N.A. grew its position in shares of International Business Machines by 3.8% in the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after buying an additional 33 shares during the last quarter. McGowan Group Asset Management Inc. grew its position in shares of International Business Machines by 1.2% in the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after buying an additional 33 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of International Business Machines by 0.3% in the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock valued at $2,802,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines News Roundup

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

• Positive Sentiment: IBM introduced a new “nanostack” chip architecture at the 0.7 nm node, with roughly 100 billion transistors on a fingernail-sized chip. Analysts at Wedbush said the development supports IBM’s long-term hardware ambitions as AI computing demand rises. IBM quantum foundry plan adds to long-term hardware strategy: Wedbush
• Positive Sentiment: Multiple reports said the announcement could extend Moore’s Law and improve chip performance and energy efficiency, reinforcing IBM’s relevance in next-generation AI infrastructure. IBM unveils tech for chip smaller than 1 nanometer in AI computing push
• Positive Sentiment: Investor sentiment also improved after commentary that the breakthrough positions IBM as a possible long-term winner in AI hardware, helping fuel the stock’s recent momentum. IBM Unveils Prototype for Sub-1-Nanometer AI Chip. Why It Matters.
• Neutral Sentiment: Some coverage noted the technology is still a research prototype and may not reach production for years, so the commercial impact is not immediate. IBM (IBM) Stock Surges 6% on Revolutionary Sub-Nanometer Chip Technology
• Negative Sentiment: One article argued IBM still faces skepticism from investors over execution and longer-term growth, even after the chip news, which could temper enthusiasm. 3 Reasons to Avoid IBM and 1 Stock to Buy Instead

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp downgraded International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Oppenheimer reduced their target price on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Susquehanna assumed coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They set a “neutral” rating for the company. Morgan Stanley upgraded shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 23rd. Finally, Needham & Company LLC initiated coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $306.94.

International Business Machines Stock Performance

IBM stock opened at $271.36 on Monday. The firm has a market cap of $255.05 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $253.83 and a 200-day moving average price of $266.96. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts expect that International Business Machines Corporation will post 12.39 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.5%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. International Business Machines’s payout ratio 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.