Comerica Bank Sells 14,730 Shares of International Business Machines Corporation $IBM

Key Points

• Comerica Bank trimmed its IBM stake by 5.0%, selling 14,730 shares and leaving 277,624 shares valued at about $82.24 million at quarter-end.
• IBM beat Q1 estimates (revenue $15.92B, EPS $1.91) and raised the quarterly dividend to $1.69, but management reiterated full‑year guidance, triggering a post‑earnings selloff amid concerns over software growth and near‑term AI monetization.
• Analyst sentiment is mixed but tilted positive: DZ Bank upgraded IBM to Buy with a $295 target and MarketBeat shows a "Moderate Buy" consensus price target of $300.25, while insiders have made modest purchases.

Comerica Bank trimmed its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 277,624 shares of the technology company's stock after selling 14,730 shares during the quarter. Comerica Bank's holdings in International Business Machines were worth $82,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IBM. Family CFO Inc bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of International Business Machines in the third quarter worth $28,000. SWAN Capital LLC purchased a new position in shares of International Business Machines in the third quarter worth $28,000. DecisionPoint Financial LLC increased its stake in shares of International Business Machines by 1,666.7% in the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock worth $31,000 after buying an additional 100 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of International Business Machines in the fourth quarter worth $31,000. 58.96% of the stock is currently owned by institutional investors.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: DZ Bank upgraded IBM to Buy with a $295 price target, giving bullish analyst support and a clear catalyst for buyers. DZ Bank Upgrades IBM to Buy With a $295 Price Target
• Positive Sentiment: IBM unveiled a new AI model aimed at better understanding fusion plasma — a positive long-term innovation narrative that supports IBM’s AI/technology credentials beyond near-term software metrics. IBM’s New AI Model Could Help Unlock Fusion Power
• Positive Sentiment: IBM raised its quarterly dividend to $1.69 (31st consecutive annual raise), which supports income-focused investor demand. What IBM's Q1 Beat and 31st Dividend Hike Mean
• Neutral Sentiment: IBM beat Q1 revenue and EPS estimates (revenue ~$15.9B, EPS $1.91) but management largely reiterated full‑year guidance — the beat removes one concern but the unchanged outlook limits upside momentum. IBM Q1 Deep Dive
• Neutral Sentiment: Broader market and sector context (software volatility, geopolitical oil/Strait of Hormuz risks) are contributing background noise that can amplify short-term swings but aren’t IBM‑specific fundamentals. US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
• Negative Sentiment: Investors punished the stock after earnings because software growth was viewed as underwhelming versus AI hype; this sparked a sharp post‑earnings selloff (double‑digit moves intraday in recent sessions). IBM slides 8% as investors digest Q1 beat
• Negative Sentiment: Some analysts trimmed targets or expressed concern about near‑term AI monetization, including a recent target cut that helped fuel selling pressure. Stock Down After Analyst Target Cut

Analysts Set New Price Targets

Several research analysts recently commented on IBM shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of International Business Machines in a research note on Tuesday, April 21st. DZ Bank raised shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price on the stock in a research note on Friday. Morgan Stanley lifted their target price on shares of International Business Machines from $215.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Thursday. Bank of America lifted their target price on shares of International Business Machines from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Finally, Argus set a $360.00 target price on shares of International Business Machines in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and a consensus price target of $300.25.

International Business Machines Stock Down 0.0%

Shares of International Business Machines stock opened at $231.88 on Monday. 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 company's fifty day simple moving average is $245.87 and its two-hundred day simple moving average is $280.31. The company has a market cap of $217.94 billion, a P/E ratio of 20.50, a PEG ratio of 2.41 and a beta of 0.69. International Business Machines Corporation has a 12-month low of $220.72 and a 12-month high of $324.90.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. Research analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. This is an increase from International Business Machines's previous quarterly dividend of $1.68. International Business Machines's payout ratio is presently 59.42%.

Insiders Place Their Bets

In related news, Director David N. Farr acquired 1,000 shares of International Business Machines stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of $304.00 per share, with a total value of $304,000.00. Following the transaction, the director owned 9,258 shares in the company, valued at $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Miebach bought 434 shares of International Business Machines stock in a transaction dated Wednesday, February 25th. The stock was acquired at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares in the company, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 1,484 shares of company stock worth $417,157. Insiders own 0.27% of the company's stock.

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.

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