Kilner Capital Advisors LLC Takes $783,000 Position in International Business Machines Corporation $IBM

Key Points

• Kilner Capital Advisors LLC opened a new position in IBM during the fourth quarter, buying 2,645 shares worth about $783,000. IBM now makes up 0.7% of the firm’s holdings and is its 12th-largest position.
• IBM reported better-than-expected quarterly results, with earnings of $1.91 per share on revenue of $15.92 billion, both ahead of analyst estimates. Revenue rose 9.5% year over year, and management’s performance supported expectations for full-year EPS of 12.4.
• The company also raised its quarterly dividend to $1.69 per share, giving IBM an annualized payout of $6.76 and a yield of 2.4%. Analyst sentiment remains generally positive, with a consensus rating of Moderate Buy and a target price of $304.17.

Kilner Capital Advisors LLC bought a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,645 shares of the technology company's stock, valued at approximately $783,000. International Business Machines comprises 0.7% of Kilner Capital Advisors LLC's holdings, making the stock its 12th largest holding.

Other hedge funds have also modified their holdings of the company. Family CFO Inc acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $25,000. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at about $25,000. Joseph Group Capital Management acquired a new stake in International Business Machines during the fourth quarter worth about $28,000. SWAN Capital LLC acquired a new stake in International Business Machines during the third quarter worth about $28,000. Finally, DecisionPoint Financial LLC increased its position in International Business Machines by 1,666.7% during the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 0.1%

Shares of IBM stock opened at $285.06 on Monday. 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 market cap of $267.93 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67. The company has a 50-day moving average of $246.48 and a two-hundred day moving average of $270.76. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46.

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 for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during 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%. International Business Machines's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, 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. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 2.4%. 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 payout ratio is 59.77%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IBM shares. Needham & Company LLC started coverage on shares of International Business Machines in a research report on Wednesday. They set a "buy" rating for the company. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, May 21st. Jefferies Financial Group cut 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 report on Monday, April 20th. Oppenheimer cut 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 report on Thursday, April 16th. Finally, BMO Capital Markets cut 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 report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, International Business Machines presently has an average rating of "Moderate Buy" and a consensus target price of $304.17.

International Business Machines News Roundup

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

• Positive Sentiment: Wedbush reportedly reset its IBM price target, citing stronger AI momentum and continued demand for IBM’s enterprise software and consulting offerings.
• Positive Sentiment: IBM’s new strategic partnership with Google Cloud to scale enterprise AI adoption is being seen as a meaningful growth driver, with the deal aimed at helping customers modernize systems and bring AI into production faster. IBM and Google Cloud Announce Strategic Partnership to Scale AI with Human Expertise and AI‑Powered Delivery
• Positive Sentiment: Several market commentary pieces highlighted IBM’s large quantum-computing investment as a long-term catalyst, with some analysts saying the company is strengthening its position in an emerging high-growth market. IBM Stock’s $10 Billion Quantum Catalyst Is Here
• Positive Sentiment: Citi also pointed to IBM’s growing role in quantum computing, reinforcing the view that the company’s heavy spending could secure a leadership position in a market with major future upside.
• Neutral Sentiment: IBM shares were included in broader market coverage of stocks making big moves, reflecting elevated trading interest but not adding a clearly new company-specific catalyst.
• Negative Sentiment: A former IBM cybersecurity executive accused the company of covering up multiple foreign-government data breaches over the past decade, raising potential reputational and legal risks. Former cyber executive turned whistleblower accuses IBM of covering up several data breaches
• Negative Sentiment: Another report repeated allegations that IBM and AT&T concealed foreign hacks, which could weigh on investor sentiment if the claims gain traction.

International Business Machines 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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