Capital Analysts LLC Boosts Position in International Business Machines Corporation $IBM

Capital Analysts LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,641 shares of the technology company’s stock after purchasing an additional 369 shares during the quarter. Capital Analysts LLC’s holdings in International Business Machines were worth $3,640,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC purchased a new stake in International Business Machines during the first quarter worth approximately $396,000. Brooklyn Investment Group lifted its stake in International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after buying an additional 1,630 shares during the last quarter. Edgar Lomax Co. VA lifted its stake in International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after buying an additional 12,690 shares during the last quarter. Left Brain Wealth Management LLC lifted its stake in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after buying an additional 16,592 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in shares of International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after purchasing an additional 2,399 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 0.5%

International Business Machines stock opened at $242.3790 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market capitalization of $225.27 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 3.71 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $194.12 and a fifty-two week high of $296.16. The stock’s fifty day moving average is $271.15 and its two-hundred day moving average is $258.32.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.International Business Machines’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

Analyst Ratings Changes

IBM has been the subject of several analyst reports. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Erste Group Bank cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Citigroup restated an “outperform” rating on shares of International Business Machines in a research note on Saturday, May 10th. Wedbush upped their price target on International Business Machines from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Finally, The Goldman Sachs Group upped their price target on International Business Machines from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of “Hold” and an average target price of $268.75.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.