SteelPeak Wealth LLC lowered its position in International Business Machines Corporation (NYSE:IBM – Free Report) by 80.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,104 shares of the technology company’s stock after selling 25,745 shares during the quarter. SteelPeak Wealth LLC’s holdings in International Business Machines were worth $1,808,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of International Business Machines during the 3rd quarter valued at approximately $28,000. SWAN Capital LLC purchased a new position in International Business Machines in the 3rd quarter valued at approximately $28,000. Trifecta Capital Advisors LLC grew its stake in International Business Machines by 129.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company’s stock valued at $36,000 after buying an additional 71 shares in the last quarter. American Wealth Advisors LLC bought a new stake in International Business Machines during the 3rd quarter valued at $40,000. Finally, Davis Capital Management bought a new stake in International Business Machines during the 3rd quarter valued at $54,000. 58.96% of the stock is currently owned by institutional investors.
Key Stories Impacting International Business Machines
Here are the key news stories impacting International Business Machines this week:
- Positive Sentiment: IBM announced a strategic collaboration with Arm to develop dual‑architecture AI/data-center hardware, a move investors see as expanding IBM’s addressable market for enterprise AI infrastructure and improving competitive positioning. IBM Shares Rise 2% After Announcing Strategic Partnership With Arm
- Positive Sentiment: IBM struck a long-term R&D deal with ETH Zurich (10 years) to combine AI and quantum algorithm development — strengthens IBM’s pipeline in quantum-enabled AI capabilities that could drive premium services and long-term differentiation. IBM Partners with ETH Zurich on 10-Year AI and Quantum Computing Initiative
- Positive Sentiment: Coverage highlighting IBM’s progress in quantum (processors >1,000 qubits) reinforces the narrative that IBM is a leader in nascent, high-value technologies investors are watching for multi-year growth. My Top Quantum ETFs For The Next Trend That’s Bigger Than AI
- Neutral Sentiment: IBM continues customer/brand initiatives — a new campus Cyber Defense Range with Full Sail University and an experiential “Masters at Madison Square Park” event — improving visibility but with limited near-term revenue impact. Full Sail University to Open IBM Cyber Defense Range Powered by AWS and Cloud Range on Campus
- Neutral Sentiment: Third-party product/partner news (e.g., CrowdStrike integrations) signal ecosystem traction but are incremental to IBM’s direct revenue growth story. CrowdStrike Partnerships And AI Products Deepen Falcon Platform Consolidation Story
- Negative Sentiment: Despite positive strategic headlines, analysts and articles are flagging recent share-price weakness and mixed valuation metrics (YTD underperformance vs. multi-year gains), which can prompt profit-taking and damp near-term upside. Is It Time To Reassess IBM (IBM) After Recent Share Price Weakness?
International Business Machines Stock Down 0.1%
International Business Machines (NYSE:IBM – Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.92 earnings per share. Equities research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.
International Business Machines Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 10th were given a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, February 10th. International Business Machines’s dividend payout ratio (DPR) is 60.27%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on International Business Machines from $317.00 to $283.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. UBS Group upgraded International Business Machines from a “sell” rating to a “neutral” rating and set a $236.00 price objective on the stock in a research note on Wednesday, February 25th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a report on Thursday, January 22nd. Evercore raised their target price on International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of International Business Machines in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and an average target price of $314.60.
Get Our Latest Stock Analysis on IBM
Insider Activity
In related news, Director Michael Miebach bought 434 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the transaction, the director directly owned 434 shares in the company, valued at $101,265.22. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David N. Farr purchased 1,000 shares of the business’s stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $304.00 per share, with a total value of $304,000.00. Following the purchase, the director owned 9,258 shares in the company, valued at approximately $2,814,432. This represents a 12.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 1,484 shares of company stock valued at $417,157 in the last three months. 0.27% of the stock is owned by insiders.
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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