There is significant activity surrounding International Business Machines Corporation (IBM). Multiple institutions like Gryphon Financial Partners LLC, Assetsmark Inc. and Steward Partners Investment Advisory LLC are increasing their holdings in IBM while Trexquant Investment LP and Proquility Private Wealth Partners LLC are making new purchases. Despite shares currently trading down by up to 1.6%, IBM's overall investor interest and search frequency is mounting.
Further, IBM emerges as a top pick by hedge funds for its provisions in quantum computing. The growth factor is additionally signaled by its increased dividend to $1.67. Analyst firms such as Stifel Nicolaus and the Royal Bank of Canada have assigned a “Buy” and “Outperform” rating respectively to IBM.
However, some reports suggest that IBM's popularity is under threat due to overpricing and there are potential arguments about how well IBM can manage its debt. Despite these concerns, it's noteworthy that those who invested in IBM a year ago have seen an 18% increase, and a striking 92% increase over a five-year span.
International Business Machines Corporation IBM News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 15:51:18 GMT - Rating 3 - Innovation -2 - Information 8 - Rumor -5
