Ameriprise Financial Inc. Buys 52,317 Shares of International Business Machines Corporation $IBM

Key Points

• Ameriprise Financial Inc. increased its stake in International Business Machines (IBM) by 1.0% during the first quarter, now owning approximately 5.5 million shares valued at about $1.37 billion.
• Several analysts have recently raised their price targets for IBM, with estimates now ranging from $200 to $325, indicating a generally positive outlook on the stock.
• IBM reported $2.80 earnings per share for the last quarter, exceeding expectations and showing a revenue increase of 7.7% compared to the same period last year, with $16.98 billion in revenue.

Ameriprise Financial Inc. increased its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,516,240 shares of the technology company's stock after buying an additional 52,317 shares during the quarter. Ameriprise Financial Inc. owned about 0.59% of International Business Machines worth $1,371,812,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IBM. Christopher J. Hasenberg Inc bought a new stake in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG bought a new stake in shares of International Business Machines during the first quarter worth $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the first quarter worth $31,000. Measured Risk Portfolios Inc. bought a new stake in shares of International Business Machines during the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter worth $43,000. 58.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $244.00 to $290.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets lifted their target price on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Wall Street Zen raised International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, UBS Group boosted their price target on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $268.75.

International Business Machines Stock Performance

NYSE IBM opened at $242.3790 on Thursday. The stock has a market cap of $225.27 billion, a PE ratio of 39.35, a P/E/G ratio of 3.71 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a twelve month low of $194.12 and a twelve month high of $296.16. The stock has a fifty day simple moving average of $271.15 and a 200-day simple moving average of $258.32.

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 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 business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same period in the prior year, the business posted $2.43 EPS. The company's revenue was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current 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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