Kornitzer Capital Management Inc. KS Sells 6,470 Shares of International Business Machines Corporation $IBM

Key Points

• Kornitzer Capital trimmed its IBM stake by 2.5%, selling 6,470 shares and leaving 251,641 shares valued at about $74.54 million, with IBM representing roughly 1.5% of the firm's portfolio and its 8th-largest holding.
• IBM beat recent expectations with $1.91 EPS (vs. $1.81 est.) and revenue of $15.92 billion, a 9.5% year-over-year increase, supporting stronger near-term fundamentals and analyst interest.
• IBM raised its quarterly dividend to $1.69 (annualized $6.76) for a yield of about 2.9%; the ex-dividend date is May 8 and payment is scheduled for June 10.

Kornitzer Capital Management Inc. KS reduced its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 251,641 shares of the technology company's stock after selling 6,470 shares during the quarter. International Business Machines accounts for approximately 1.5% of Kornitzer Capital Management Inc. KS's portfolio, making the stock its 8th largest holding. Kornitzer Capital Management Inc. KS's holdings in International Business Machines were worth $74,539,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Waverton Investment Management Ltd lifted its stake in International Business Machines by 3.3% during the third quarter. Waverton Investment Management Ltd now owns 993,743 shares of the technology company's stock worth $280,439,000 after purchasing an additional 32,072 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in International Business Machines by 30.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company's stock worth $3,887,000 after purchasing an additional 3,029 shares during the period. NEOS Investment Management LLC lifted its stake in International Business Machines by 51.7% during the third quarter. NEOS Investment Management LLC now owns 114,395 shares of the technology company's stock worth $32,278,000 after purchasing an additional 38,973 shares during the period. American National Bank & Trust lifted its stake in International Business Machines by 26.2% during the third quarter. American National Bank & Trust now owns 12,537 shares of the technology company's stock worth $3,537,000 after purchasing an additional 2,603 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in International Business Machines by 3.8% during the third quarter. Advisors Capital Management LLC now owns 347,155 shares of the technology company's stock worth $97,953,000 after purchasing an additional 12,623 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Performance

NYSE:IBM opened at $232.35 on Friday. International Business Machines Corporation has a 1 year low of $220.72 and a 1 year high of $324.90. The firm has a 50 day moving average of $243.51 and a 200-day moving average of $278.87. 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 stock has a market capitalization of $218.38 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.39 and a beta of 0.58.

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, beating 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 company had revenue of $15.92 billion during the quarter, compared to analysts' expectations of $15.60 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. International Business Machines's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company 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 represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase 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 is presently 59.77%.

Wall Street Analyst Weigh In

IBM has been the subject of a number of analyst reports. HSBC upgraded shares of International Business Machines from a "reduce" rating to a "hold" rating and raised their price target for the stock from $218.00 to $231.00 in a research note on Tuesday. Argus set a $360.00 price target on shares of International Business Machines in a research note on Friday, January 30th. Bank of America raised their price target on shares of International Business Machines from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Citigroup initiated coverage on shares of International Business Machines in a research note on Friday, April 10th. They set a "buy" rating and a $285.00 price target for the company. Finally, Oppenheimer cut their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.18.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: U.S. quantum policy bill advances, shifting emphasis to commercialization, clearer funding and real-world deployments starting as soon as 2026 — an outcome that could accelerate demand for IBM’s quantum hardware, software and services. Article Title
• Positive Sentiment: Wall Street attention on quantum/AI names rises — IBM is named among top quantum stocks to watch, which can lift multiple and investor interest in the company’s long-term growth areas. Article Title
• Positive Sentiment: IBM and Ferrari added new AI features to the Scuderia Ferrari app — a high-visibility commercial proof point for IBM’s AI offerings and fan-engagement use cases ahead of major sporting events. Article Title
• Positive Sentiment: IBM launched “Bob,” an AI-powered development tool for the software lifecycle — strengthens IBM’s enterprise AI stack and could boost service and software revenue if adoption scales. Article Title
• Positive Sentiment: Partnership with Dallara to apply AI and quantum to vehicle design — technology leadership and industry partnerships that showcase practical quantum/AI applications and potential service opportunities. Article Title
• Positive Sentiment: IBM to open AI and quantum hubs (Chicago, Massachusetts) and add ~750 jobs — signals continued investment in talent and capacity to execute on enterprise AI/quantum strategy. Article Title
• Neutral Sentiment: Erste Group raised FY2027 EPS estimates modestly, but maintains a Hold — incremental analyst support rather than an outright upgrade. Article Title
• Neutral Sentiment: Smaller ecosystem and market mentions (Elektros joining IBM ecosystem, AI drug-discovery reports) provide additional validation but are unlikely to move near-term earnings materially. Article Title
• Negative Sentiment: A few headlines noted short-term stock softness around partnership announcements in premarket coverage — suggests some volatility as investors digest execution risks and timing. Article Title

Insider Activity

In other news, Director Michael Miebach bought 434 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was bought at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director owned 434 shares of the company's stock, valued at approximately $101,265.22. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

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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