International Business Machines Corporation $IBM Shares Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. increased its position in shares of International Business Machines Corporation (NYSE:IBM) by 6.1% in the first quarter, HoldingsChannel reports. The firm owned 12,883 shares of the technology company’s stock after acquiring an additional 746 shares during the quarter. M Holdings Securities Inc.’s holdings in International Business Machines were worth $3,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBM. Brighton Jones LLC lifted its holdings in shares of International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. Capital International Sarl acquired a new stake in International Business Machines during the fourth quarter valued at $931,000. Capital International Inc. CA acquired a new stake in International Business Machines during the fourth quarter valued at $9,465,000. MML Investors Services LLC grew its position in International Business Machines by 3.5% during the fourth quarter. MML Investors Services LLC now owns 171,485 shares of the technology company’s stock valued at $37,698,000 after buying an additional 5,857 shares during the period. Finally, Sharpepoint LLC acquired a new stake in International Business Machines during the fourth quarter valued at $207,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Ratings Changes

IBM has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. The Goldman Sachs Group raised their price target on shares of International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada upped their target price on International Business Machines from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Stifel Nicolaus upped their target price on International Business Machines from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Bank of America reduced their target price on International Business Machines from $320.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $268.75.

International Business Machines Stock Up 1.1%

Shares of NYSE:IBM opened at $239.75 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The business has a fifty day moving average of $273.29 and a two-hundred day moving average of $258.66. The stock has a market cap of $222.82 billion, a P/E ratio of 38.92, a PEG ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $192.86 and a 52-week high of $296.16.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.15. The business had revenue of $16.98 billion during the quarter, compared to analysts’ expectations of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.43 EPS. On average, research analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

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.