Intellectus Partners LLC Sells 2,419 Shares of International Business Machines Corporation $IBM

Key Points

• Intellectus Partners LLC reduced its IBM stake by 43.9% in the fourth quarter, selling 2,419 shares and ending with 3,087 shares valued at about $914,000.
• IBM reported stronger-than-expected quarterly results, with EPS of $1.91 versus the $1.81 estimate and revenue of $15.92 billion, up 9.5% year over year.
• The company boosted its quarterly dividend to $1.69 per share, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $304.17.

Intellectus Partners LLC cut its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,087 shares of the technology company's stock after selling 2,419 shares during the period. Intellectus Partners LLC's holdings in International Business Machines were worth $914,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBM. Family CFO Inc purchased a new position in International Business Machines in the fourth quarter valued at approximately $25,000. Basepoint Wealth LLC purchased a new position in International Business Machines in the fourth quarter valued at approximately $25,000. Joseph Group Capital Management purchased a new position in International Business Machines in the fourth quarter valued at approximately $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the third quarter valued at approximately $28,000. Finally, DecisionPoint Financial LLC lifted its stake in International Business Machines by 1,666.7% in the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 1.2%

NYSE:IBM opened at $301.93 on Friday. The company has a market cap of $283.78 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.17 and a beta of 0.67. The stock's fifty day moving average price is $245.61 and its two-hundred day moving average price is $270.84. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $332.46. 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 - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, analysts expect that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be given a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines's dividend payout ratio (DPR) is 59.77%.

Wall Street Analysts Forecast Growth

IBM has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on International Business Machines from $317.00 to $283.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Citigroup upped their price objective on International Business Machines from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday. DZ Bank upgraded International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price on the stock in a research report on Friday, April 24th. Needham & Company LLC began coverage on International Business Machines in a research report on Wednesday. They set a "buy" rating on the stock. Finally, Stifel Nicolaus set a $290.00 target price on International Business Machines in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $304.17.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM announced a strategic partnership with Google Cloud to scale enterprise AI adoption, launching a new Google Cloud practice that combines IBM Consulting, Gemini Enterprise tools, and IBM’s industry expertise. The move suggests a larger pipeline for AI consulting and cloud services. Article: IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI‑Powered Delivery
• Positive Sentiment: Analysts are turning more constructive, with Barclays initiating IBM at overweight and a $350 price target, which reinforced the view that the recent rally may still have room to run. Article: Barclays sets eye-catching IBM stock price target
• Positive Sentiment: IBM continues to build its quantum-computing narrative, with multiple reports highlighting its large-scale investment and bullish commentary from Citi and IBM management. Investors may view this as a long-term growth catalyst beyond traditional consulting and hardware. Article: IBM CEO sends strong message on quantum computing
• Neutral Sentiment: IBM also expanded its AI education and talent pipeline by launching the AI Builders Challenge for 20,000 post-secondary institutions, which supports future adoption but is less likely to move the stock immediately. Article: IBM Launches Global AI Builders Challenge With IBM Bob for University Students
• Neutral Sentiment: IBM and three.ws announced a partnership around AI-powered 3D workspaces, adding another enterprise AI use case, though the financial impact is still early-stage. Article: three.ws and IBM Announce Strategic Partnership to Advance AI-Powered 3D Agent Technology
• Negative Sentiment: A whistleblower report alleging IBM helped cover up foreign hacks is a headline risk, especially because the breach reportedly involved IBM cloud infrastructure used by parts of the U.S. government and military. That could raise concerns about security, reputation, and future government-related business. Article: IBM, AT&T accused by whistleblower of covering up foreign hacks

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.

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