1,601 Shares in International Business Machines Corporation $IBM Acquired by Strategies Wealth Advisors LLC

Strategies Wealth Advisors LLC bought a new position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,601 shares of the technology company's stock, valued at approximately $398,000.

A number of other hedge funds have also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Park Square Financial Group LLC acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Mascagni Wealth Management Inc. acquired a new position in shares of International Business Machines in the 4th quarter valued at $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of International Business Machines in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on IBM. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. UBS Group lifted their target price on shares of International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. BMO Capital Markets lifted their target price on shares of International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a report on Friday, July 18th. The Goldman Sachs Group lifted their target price on shares of International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Erste Group Bank lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $268.75.

International Business Machines Stock Performance

International Business Machines stock opened at $239.2070 on Friday. International Business Machines Corporation has a 12-month low of $194.39 and a 12-month high of $296.16. The company has a market capitalization of $222.32 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 3.73 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. The firm's fifty day moving average price is $270.32 and its 200 day moving average price is $258.17.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The firm had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. On average, research 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.

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