Lederer & Associates Investment Counsel CA Takes $614,000 Position in International Business Machines Corporation $IBM

Key Points

• Lederer & Associates Investment Counsel CA opened a new position in IBM during the first quarter, buying 2,533 shares worth about $614,000.
• IBM reported strong first-quarter results, with EPS of $1.91 topping estimates and revenue of $15.92 billion also beating expectations. Revenue rose 9.5% year over year, and analysts expect full-year EPS of 12.4.
• The company raised its quarterly dividend slightly to $1.69 per share, and the stock has drawn generally favorable analyst sentiment with a Moderate Buy consensus and an average price target of $306.76.

Lederer & Associates Investment Counsel CA acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,533 shares of the technology company's stock, valued at approximately $614,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at $25,000. Family CFO Inc acquired a new position in International Business Machines during the fourth quarter worth about $25,000. Joseph Group Capital Management acquired a new position in International Business Machines during the fourth quarter worth about $28,000. Cornerstone Financial Management LLC bought a new stake in International Business Machines in the fourth quarter worth about $28,000. Finally, SWAN Capital LLC acquired a new stake in International Business Machines in the 3rd quarter valued at about $28,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Trading Up 1.8%

NYSE IBM opened at $286.16 on Thursday. The firm's 50 day moving average price is $255.59 and its two-hundred day moving average price is $266.34. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines Corporation has a twelve month low of $212.34 and a twelve month high of $332.46. The stock has a market cap of $268.96 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.91 and a beta of 0.68.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is a boost 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 annualized dividend and a yield of 2.4%. International Business Machines's dividend payout ratio (DPR) is presently 59.77%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IBM. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 24th. Jefferies Financial Group initiated coverage on shares of International Business Machines in a research note on Tuesday, June 23rd. They set a "buy" rating for the company. Royal Bank Of Canada restated an "outperform" rating on shares of International Business Machines in a report on Tuesday, June 23rd. Stifel Nicolaus set a $290.00 price target on International Business Machines in a report on Friday, May 22nd. Finally, BMO Capital Markets cut their price objective on 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $306.76.

International Business Machines News Summary

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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