Dorsey & Whitney Trust CO LLC Boosts Position in International Business Machines Corporation $IBM

Dorsey & Whitney Trust CO LLC increased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 1.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 42,287 shares of the technology company’s stock after acquiring an additional 612 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in International Business Machines were worth $10,515,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its stake in International Business Machines by 2.4% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 16,278 shares of the technology company’s stock valued at $3,578,000 after buying an additional 389 shares during the last quarter. Alta Advisers Ltd lifted its stake in International Business Machines by 22.2% in the fourth quarter. Alta Advisers Ltd now owns 3,055 shares of the technology company’s stock valued at $672,000 after buying an additional 555 shares during the last quarter. MGO One Seven LLC lifted its stake in International Business Machines by 5.3% in the fourth quarter. MGO One Seven LLC now owns 26,344 shares of the technology company’s stock valued at $5,791,000 after buying an additional 1,319 shares during the last quarter. Finally, Syon Capital LLC lifted its stake in International Business Machines by 10.6% in the fourth quarter. Syon Capital LLC now owns 1,989 shares of the technology company’s stock valued at $437,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBM shares. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. Stifel Nicolaus boosted their target price on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. BMO Capital Markets boosted their target price on International Business Machines from $260.00 to $300.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their target price on International Business Machines from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Citigroup reissued an “outperform” rating on shares of International Business Machines in a report on Saturday, May 10th. One equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $268.75.

International Business Machines Trading Up 0.7%

Shares of IBM stock opened at $241.01 on Wednesday. The business’s fifty day moving average price is $271.93 and its 200 day moving average price is $258.43. International Business Machines Corporation has a 1-year low of $193.75 and a 1-year high of $296.16. The firm has a market capitalization of $223.99 billion, a PE ratio of 39.13, a P/E/G ratio of 3.69 and a beta of 0.69. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same quarter in the prior year, the company posted $2.43 earnings per share. International Business Machines’s quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

About International Business Machines

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.