Fideuram Asset Management Ireland dac Takes Position in International Business Machines Corporation $IBM

Key Points

• Fideuram Asset Management Ireland dac disclosed a new fourth-quarter stake in IBM, buying 27,263 shares valued at about $8.1 million.
• IBM has been drawing attention for major strategic investments, including more than $10 billion for quantum computing and $5 billion for Project Lightwell, aimed at strengthening its position in AI, cybersecurity, and enterprise software.
• The company recently beat quarterly expectations, posting $1.91 EPS and $15.92 billion in revenue, while also raising its dividend slightly to $1.69 per share quarterly.

Fideuram Asset Management Ireland dac acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 27,263 shares of the technology company's stock, valued at approximately $8,076,000.

A number of other hedge funds have also recently modified their holdings of IBM. Family CFO Inc bought a new stake in shares of International Business Machines during the 4th quarter valued at $25,000. Basepoint Wealth LLC bought a new position in International Business Machines in the 4th quarter worth $25,000. Joseph Group Capital Management bought a new position in International Business Machines in the 4th quarter worth $28,000. SWAN Capital LLC bought a new position in International Business Machines in the 3rd quarter worth $28,000. Finally, DecisionPoint Financial LLC boosted its holdings in International Business Machines by 1,666.7% in the 4th 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. Institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on IBM shares. Oppenheimer dropped their price objective on shares of International Business Machines from $380.00 to $320.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. Citigroup started coverage on shares of International Business Machines in a research report on Friday, April 10th. They set a "buy" rating and a $285.00 target price on the stock. Stifel Nicolaus set a $290.00 target price on shares of International Business Machines in a research report on Friday, May 22nd. BMO Capital Markets decreased their target price on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating on the stock in a research report on Thursday, April 23rd. Finally, HSBC upgraded shares of International Business Machines from a "reduce" rating to a "hold" rating and upped their target price for the company from $218.00 to $231.00 in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $294.41.

International Business Machines News Summary

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

• Positive Sentiment: IBM announced it will invest more than $10 billion in quantum computing over the next five years, aiming to build a large-scale, error-corrected quantum computer by 2029. Investors appear to be betting this could strengthen IBM’s position in a high-growth, strategically important technology area. IBM to invest $10 billion for large-scale quantum computer by 2029
• Positive Sentiment: The company also committed $5 billion to Project Lightwell, a Red Hat-backed initiative to improve open-source software security with AI tools and more than 20,000 engineers. That push could expand IBM’s cybersecurity and enterprise software footprint while creating a new revenue opportunity. IBM commits $5 billion to secure open-source software
• Positive Sentiment: Commentary from analysts and media outlets says the spending plans may help “future-proof” IBM by positioning it more aggressively in AI, quantum computing, and cybersecurity, which has added to bullish sentiment around the stock. IBM shares rise after unveiling $15B cybersecurity and quantum investment plan
• Neutral Sentiment: IBM also reported a legal development involving older former HR workers’ age discrimination claims, but this appears less likely to move the stock materially than the strategic investment announcements. IBM Ditches Laid-Off Older HR Workers’ Age Discrimination Claims

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $264.25 on Friday. The firm has a market cap of $248.36 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58. The firm's 50 day simple moving average is $239.22 and its 200-day simple moving average is $270.79. International Business Machines Corporation has a one year low of $212.34 and a one year high of $324.90. 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 (NYSE:IBM - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates 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 last year, the company posted $1.60 earnings per share. As a group, equities analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 dividend yield of 2.6%. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date of this dividend is Friday, May 8th. International Business Machines's dividend payout ratio is 59.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.