International Business Machines Corporation $IBM Shares Purchased by Cane Capital Partners LLC

Key Points

• Cane Capital Partners LLC more than doubled its stake in IBM during the first quarter, increasing holdings by 109.7% to 4,758 shares valued at about $1.15 million.
• IBM reported better-than-expected first-quarter results, with EPS of $1.91 versus $1.81 expected and revenue of $15.92 billion, up 9.5% year over year.
• The company also raised its quarterly dividend to $1.69 per share, while analysts remain constructive on the stock with a consensus rating of Moderate Buy and an average target price of $306.76.

Cane Capital Partners LLC increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 109.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,758 shares of the technology company's stock after purchasing an additional 2,489 shares during the quarter. Cane Capital Partners LLC's holdings in International Business Machines were worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Family CFO Inc acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new position in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management acquired a new stake in International Business Machines in the 4th quarter worth approximately $28,000. Finally, Cornerstone Financial Management LLC acquired a new position in International Business Machines during the 4th quarter worth $28,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $286.16 on Thursday. 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 firm has a market cap of $268.96 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 2.91 and a beta of 0.68. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The business's 50 day moving average is $255.59 and its 200-day moving average is $266.34.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business's revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were issued a dividend of $1.69 per share. This is an increase from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 8th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.4%. International Business Machines's payout ratio is presently 59.77%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IBM. Wedbush set a $350.00 target price on International Business Machines in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised shares of International Business Machines from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $270.00 to $291.00 in a research note on Tuesday, June 23rd. Roth Mkm reissued a "buy" rating on shares of International Business Machines in a report on Wednesday, June 3rd. HSBC raised International Business Machines from a "reduce" rating to a "hold" rating and lifted their price objective for the stock from $218.00 to $231.00 in a research note on Tuesday, April 28th. Finally, DZ Bank raised shares of International Business Machines from a "hold" rating to a "buy" rating and set a $295.00 target price for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and an average target price of $306.76.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM appointed Stagwell as its lead creative partner to refresh its global brand and campaign strategy, a move tied to IBM’s push around AI, hybrid cloud, and quantum offerings. IBM (IBM) Picks Stagwell To Rework Its Global Brand Playbook
• Positive Sentiment: IBM continues to draw investor attention after unveiling its 0.7-nanometer “nanostack” chip breakthrough, reinforcing the company’s position in next-generation computing infrastructure. International Business Machines (IBM) Is Up 10.2% After Unveiling 0.7 nm Nanostack Chip Breakthrough
• Positive Sentiment: Analysts and commentary pieces continue to highlight IBM as a potential earnings beat candidate, pointing to its history of topping estimates and supporting expectations for the upcoming quarter. Will IBM (IBM) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: IBM is also being mentioned as a beneficiary of growing enterprise AI demand and broader interest in quantum computing, which could support long-term revenue growth. IBM (IBM) Stock Gains Momentum on Quantum Computing Edge and Growing AI Demand
• Neutral Sentiment: IBM was referenced in a report about companies rehiring workers after AI-driven layoffs proved less effective than expected; this is more of a broader industry note than a direct IBM-specific catalyst. Companies rehire workers laid off for AI as automation falls short
• Neutral Sentiment: IBM is also mentioned in coverage around climate risk management market growth and a rival stablecoin network, but these items appear secondary and less likely to move the stock on their own. Climate Risk Management Market to Surge from $8.59B in 2026 to $19.08B by 2031 Circle Stock Sinks After Visa, Others Announce Rival Stablecoin Network
• Negative Sentiment: One commentary piece noted IBM is down significantly from earlier levels, suggesting some investors still see valuation or momentum risks despite the recent rebound. IBM, Verizon, Corning And A Health Care Stock On CNBC’s ‘Final Trades’

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.

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