International Business Machines Corporation $IBM Shares Bought by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its IBM stake by 1.5% in the fourth quarter, ending with 22.6 million shares valued at about $6.68 billion. Overall, institutional investors continue to hold a large majority of the stock, at roughly 59% ownership.
• IBM’s recent earnings topped expectations, with Q1 EPS of $1.91 versus $1.81 expected and revenue of $15.92 billion above forecasts. Revenue rose 9.5% year over year, and the company also raised its quarterly dividend to $1.69 per share.
• Analysts remain mixed but generally constructive, with a Moderate Buy consensus and an average price target of $294.41. Sentiment is being supported by IBM’s new technology modernization deal with Abertis and optimism around quantum computing, though the broader quantum trade has recently cooled.

Geode Capital Management LLC raised its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,605,083 shares of the technology company's stock after acquiring an additional 336,069 shares during the period. Geode Capital Management LLC owned 2.42% of International Business Machines worth $6,679,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company's stock valued at $28,796,390,000 after buying an additional 1,439,824 shares during the period. Capital World Investors grew its stake in shares of International Business Machines by 13.9% during the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company's stock valued at $4,809,461,000 after buying an additional 2,077,506 shares during the period. Legal & General Group Plc grew its stake in shares of International Business Machines by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company's stock valued at $2,060,536,000 after buying an additional 176,219 shares during the period. Amundi grew its stake in shares of International Business Machines by 17.9% during the 3rd quarter. Amundi now owns 4,777,516 shares of the technology company's stock valued at $1,382,695,000 after buying an additional 725,191 shares during the period. Finally, Invesco Ltd. grew its stake in shares of International Business Machines by 2.2% during the 3rd quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company's stock valued at $1,106,414,000 after buying an additional 86,123 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of International Business Machines from $215.00 to $225.00 and gave the company an "equal weight" rating in a research note on Thursday, April 23rd. Jefferies Financial Group lowered their price objective on shares of International Business Machines from $370.00 to $320.00 and set a "buy" rating for the company in a research note on Monday, April 20th. BMO Capital Markets lowered their price objective on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating for the company in a research note on Thursday, April 23rd. Oppenheimer lowered 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 research note on Thursday, April 16th. Finally, Royal Bank Of Canada decreased their price target on shares of International Business Machines from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $294.41.

International Business Machines News Summary

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

• Positive Sentiment: IBM announced a five-year global technology modernization agreement with Abertis, a new services deal that should support consulting and infrastructure revenue. IBM and Abertis are Driving the Future of Mobility with a Global Technology Modernization Agreement
• Positive Sentiment: IBM is benefiting from renewed enthusiasm around quantum computing after the U.S. Department of Commerce announced approximately $2.0 billion in planned funding for nine quantum companies, with IBM seen as a key beneficiary because of its quantum chip and foundry partnerships. Trump’s $2 Billion Quantum Bet Lifts IBM, D‑Wave, and Rigetti — and Sends Quantum ETF QTUM Toward $5 Billion in Assets
• Positive Sentiment: One analyst reiterated a Buy rating and raised its price target to $280, citing strong first-quarter results, robust free cash flow, and management’s maintained FY2026 guidance for more than 5% revenue growth and about $1 billion in annual free-cash-flow increases. IBM: Why AI Is An Opportunity Not A Threat, Raising My Price Target
• Neutral Sentiment: Several recent articles highlight IBM as a major name in the fast-growing quantum-computing ETF and infrastructure theme, which reinforces investor interest but does not add a new company-specific catalyst on its own. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off
• Negative Sentiment: The broader quantum trade appears to be cooling after last week’s surge, which could temper near-term momentum in IBM shares even as the longer-term story stays constructive. QTUM ETF Crosses $5 Billion Even As IBM, Rigetti, IonQ, D-Wave Cool Off

International Business Machines Stock Performance

NYSE:IBM opened at $255.43 on Thursday. 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 firm has a 50-day moving average of $239.06 and a two-hundred day moving average of $271.09. The stock has a market cap of $240.08 billion, a P/E ratio of 22.58, a PEG ratio of 2.60 and a beta of 0.58. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $324.90.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share 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 net margin of 15.61% and a return on equity of 37.23%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 EPS. On average, research analysts expect that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal 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 paid a $1.69 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.6%. International Business Machines's dividend payout ratio (DPR) is currently 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.