Hsbc Holdings PLC Sells 664,819 Shares of International Business Machines Corporation $IBM

Key Points

• HSBC Holdings cut its IBM stake by 23.7% in the fourth quarter, selling 664,819 shares and leaving it with 2,135,102 shares valued at about $632.5 million.
• IBM’s latest quarterly results beat expectations, with earnings of $1.91 per share on revenue of $15.92 billion, and revenue rose 9.5% from a year earlier.
• The company raised its quarterly dividend to $1.69 per share, while analysts currently maintain a Moderate Buy consensus with an average price target of $304.17.

Hsbc Holdings PLC trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,135,102 shares of the technology company's stock after selling 664,819 shares during the quarter. Hsbc Holdings PLC owned approximately 0.23% of International Business Machines worth $632,511,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IBM. Basepoint Wealth LLC bought a new stake in International Business Machines during the 4th quarter valued at $25,000. Family CFO Inc bought a new position in shares of International Business Machines in the 4th quarter worth $25,000. Joseph Group Capital Management bought a new position in shares of International Business Machines in the 4th quarter worth $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth $28,000. Finally, SWAN Capital LLC bought a new stake in International Business Machines during the third quarter valued at about $28,000. Institutional investors own 58.96% of the company's stock.

More International Business Machines News

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

• Positive Sentiment: IBM continued to expand its enterprise software footprint, including a successful IBM Maximo SaaS migration for a major Asia-Pacific resort operator, which highlights demand for its cloud and asset-management offerings. Sedin Technologies Completes IBM Maximo Application Suite SaaS Migration for Major Asia-Pacific Resort Operator Across Five Properties
• Positive Sentiment: IBM was also mentioned as a partner in ServiceNow’s expanding AI governance ecosystem, suggesting ongoing relevance in enterprise AI and workflow modernization initiatives. Is ServiceNow (NOW) Quietly Becoming the Core Orchestrator of Enterprise AI Governance?
• Neutral Sentiment: IBM unveiled new Z platform security tools, including zSecure Detection and Secret Manager, reinforcing its mainframe security story, but the announcement did not outweigh broader selling pressure. IBM (IBM) Stock Drops Over 5% as New Mainframe Security Suite Launches
• Negative Sentiment: IBM’s stock is being weighed down by a sector-wide read-through from Accenture’s revenue warning, which renewed concerns about demand in IT services ahead of IBM’s July 22 earnings report. Here’s why the IBM stock is falling after the Accenture earnings
• Negative Sentiment: Additional articles noted IBM’s sharp retreat as investors rotated out of IT services names after Accenture cut guidance, adding to recent downside momentum in the shares. Why Is IBM Stock Declining On Thursday?

International Business Machines Stock Up 0.2%

Shares of IBM stock opened at $249.72 on Friday. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The stock's fifty day moving average price is $251.46 and its 200 day moving average price is $268.77. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The company has a market cap of $234.71 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analysts' expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.60 earnings per share. On average, research analysts expect that International Business Machines Corporation will post 12.38 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 8th were paid a $1.69 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines's dividend payout ratio (DPR) is 59.77%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered International Business Machines from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research report on Friday, May 22nd. BMO Capital Markets lowered their price target on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group cut their price objective on shares of International Business Machines from $370.00 to $320.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Finally, Roth Mkm reiterated 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, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $304.17.

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.

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBM - Free Report).

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.