Strategic Wealth Investment Group LLC Has $9.46 Million Holdings in International Business Machines Corporation $IBM

Key Points

• Strategic Wealth Investment Group LLC reduced its IBM stake by 26.8% in the fourth quarter, selling 11,669 shares and leaving it with 31,927 shares valued at about $9.46 million.
• IBM continues to attract attention from analysts and investors due to AI and quantum-computing catalysts, including a new Google Cloud partnership and commentary highlighting its long-term growth potential in emerging tech.
• The company recently beat quarterly earnings and revenue expectations and raised its dividend to $1.69 per share, while Wall Street maintains a Moderate Buy consensus with an average target price of $304.17.

Strategic Wealth Investment Group LLC cut its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,927 shares of the technology company's stock after selling 11,669 shares during the period. Strategic Wealth Investment Group LLC's holdings in International Business Machines were worth $9,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBM. Family CFO Inc acquired a new position in International Business Machines in the fourth quarter valued at about $25,000. Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter valued at about $25,000. Joseph Group Capital Management acquired a new position in International Business Machines in the fourth quarter valued at about $28,000. SWAN Capital LLC acquired a new position in International Business Machines in the third quarter valued at about $28,000. Finally, DecisionPoint Financial LLC boosted its position in International Business Machines by 1,666.7% in the fourth quarter. DecisionPoint Financial LLC now owns 106 shares of the technology company's stock valued at $31,000 after buying an additional 100 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting International Business Machines

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.

Wall Street Analyst Weigh In

IBM has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating on the stock in a research note on Thursday, April 23rd. Stifel Nicolaus set a $290.00 price target on shares of International Business Machines in a research note on Friday, May 22nd. Oppenheimer decreased their price target on shares of International Business Machines from $380.00 to $320.00 and set an "outperform" rating on the stock in a research note on Thursday, April 16th. Weiss Ratings cut shares of International Business Machines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group decreased their price target on shares of International Business Machines from $370.00 to $320.00 and set a "buy" rating on the stock in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $304.17.

International Business Machines Price Performance

IBM opened at $285.06 on Friday. International Business Machines Corporation has a one year low of $212.34 and a one year high of $332.46. 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 company's 50 day simple moving average is $246.48 and its 200-day simple moving average is $270.94. The stock has a market capitalization of $267.93 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same period in the prior year, the business posted $1.60 earnings per share. International Business Machines's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $1.69 dividend. This is an increase from International Business Machines's previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 8th. International Business Machines's dividend payout ratio (DPR) is currently 59.77%.

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.

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.