Y Intercept Hong Kong Ltd Acquires 33,607 Shares of International Business Machines Corporation $IBM

Key Points

• Y Intercept Hong Kong Ltd boosted its IBM stake by 506.1% in the first quarter, buying 33,607 additional shares and bringing its total holdings to 40,248 shares worth about $9.76 million.
• Wall Street sentiment on IBM remains generally positive, with analysts assigning a Moderate Buy consensus rating and an average price target of $306.76. Recent notes ranged from bullish buy calls to more cautious hold/peer-perform views.
• IBM recently reported better-than-expected Q1 results, including EPS of $1.91 versus $1.81 expected and revenue of $15.92 billion, while also raising its quarterly dividend to $1.69 per share.

Y Intercept Hong Kong Ltd increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 506.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,248 shares of the technology company's stock after buying an additional 33,607 shares during the period. Y Intercept Hong Kong Ltd's holdings in International Business Machines were worth $9,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in IBM. Family CFO Inc bought a new position in International Business Machines during the 4th quarter worth $25,000. Basepoint Wealth LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management acquired a new stake in shares of International Business Machines during the 4th quarter worth $28,000. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of International Business Machines during the 4th quarter worth $28,000. 58.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus set a $290.00 price target on International Business Machines in a research note on Friday, May 22nd. Citigroup increased their price objective on shares of International Business Machines from $285.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Jefferies Financial Group assumed coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They issued a "buy" rating on the stock. Wolfe Research cut shares of International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Finally, HSBC raised shares of International Business Machines from a "reduce" rating to a "hold" rating and upped their price target for the stock from $218.00 to $231.00 in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $306.76.

International Business Machines Trading Up 0.9%

IBM opened at $288.95 on Friday. The company has a market cap of $271.58 billion, a P/E ratio of 25.55, a PEG ratio of 2.96 and a beta of 0.68. 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 company's 50 day moving average is $256.25 and its 200-day moving average is $266.20. 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 released its quarterly earnings data 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. The business had revenue of $15.92 billion during the quarter, compared to analysts' expectations of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. Equities research analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The business 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 represents a $6.76 annualized dividend and a dividend yield of 2.3%. This is a boost from International Business Machines's previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. International Business Machines's dividend payout ratio (DPR) is currently 59.77%.

International Business Machines News Summary

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

• Positive Sentiment: IBM unveiled what was described as the world’s first 0.7-nanometer semiconductor technology, reinforcing its innovation story and potentially strengthening long-term confidence in its engineering leadership.
• Positive Sentiment: Analysts continue to point to IBM’s improving earnings outlook, with articles noting its strong history of beating estimates and suggesting another earnings beat could be ahead.
• Positive Sentiment: IBM’s hybrid cloud, AI demand, and quantum computing initiatives are still being viewed as key growth catalysts, which may help offset concerns that the stock has lagged the industry over the past three months.
• Neutral Sentiment: IBM hired Stagwell to refresh its global brand and campaign strategy, a move aimed at better aligning marketing with its AI, cloud, and quantum messaging.
• Neutral Sentiment: Coverage around IBM’s quantum computing bet remains mixed: bullish long-term commentary is being balanced by warnings that the technology still carries meaningful execution risk.
• Neutral Sentiment: A separate note from Trefis highlighted a wide range of possible outcomes for IBM, underscoring that the market is still debating the stock’s next chapter and valuation.
• Negative Sentiment: One article warned that IBM is lagging its industry recently and faces competitive pressure from Anthropic’s COBOL modernization efforts, which could weigh on sentiment if investors see it as a threat to legacy services.
• Negative Sentiment: Commentary on AI automation also noted that some companies, including IBM, have had to rehire workers after AI-driven cuts fell short, which may temper enthusiasm around near-term AI productivity gains.

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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