Alesco Advisors LLC Acquires Shares of 1,225 International Business Machines Corporation (NYSE:IBM)

Key Points

• Alesco Advisors LLC has acquired 1,225 shares of International Business Machines Corporation (IBM), valued at approximately $305,000, during the first quarter of the year.
• Analysts' ratings for IBM show a mix of confidence, with a consensus rating of "Moderate Buy" and an average target price of $268.75, highlighting varying opinions among nine buy ratings and two strong buy ratings.
• In its latest earnings report, IBM reported an EPS of $2.80, exceeding expectations and showing a 7.7% year-over-year revenue growth with earnings of $16.98 billion.

Alesco Advisors LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,225 shares of the technology company's stock, valued at approximately $305,000.

Other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG bought a new position in International Business Machines during the 1st quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in International Business Machines during the 1st quarter valued at $45,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Finally, Park Place Capital Corp raised its holdings in shares of International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after purchasing an additional 58 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KGI Securities set a $242.00 target price on shares of International Business Machines and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank Of Canada increased their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. Stifel Nicolaus increased their target price on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group increased their target price on shares of International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines presently has a consensus rating of "Moderate Buy" and an average target price of $268.75.

International Business Machines Stock Up 0.7%

IBM stock opened at $252.52 on Thursday. The stock has a market cap of $234.69 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 3.87 and a beta of 0.69. 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 firm's 50-day simple moving average is $276.66 and its 200 day simple moving average is $257.71. International Business Machines Corporation has a fifty-two week low of $186.70 and a fifty-two week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $2.43 EPS. As a group, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Company 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.

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