International Business Machines Corporation $IBM Shares Acquired by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its position in IBM shares by 137.6%, owning 71,632 shares worth approximately $17.81 million as of the end of the first quarter.
• Several hedge funds significantly increased their stakes in IBM, with GAMMA Investing LLC raising its position by an astonishing 29,564.2% to own approximately 4.4 million shares valued at over $10.9 billion.
• IBM reported quarterly earnings with an EPS of $2.80, exceeding analysts' expectations, and projected an annual EPS of 10.78 for the current year.

Aptus Capital Advisors LLC lifted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 137.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,632 shares of the technology company's stock after purchasing an additional 41,483 shares during the quarter. Aptus Capital Advisors LLC's holdings in International Business Machines were worth $17,812,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IBM. Brooklyn Investment Group increased its holdings in International Business Machines by 32.7% in the 1st quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company's stock worth $1,647,000 after buying an additional 1,630 shares during the period. TriaGen Wealth Management LLC boosted its holdings in shares of International Business Machines by 4.8% in the 1st quarter. TriaGen Wealth Management LLC now owns 2,746 shares of the technology company's stock valued at $683,000 after acquiring an additional 127 shares during the last quarter. Blue Edge Capital LLC increased its stake in shares of International Business Machines by 0.6% in the first quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock worth $1,685,000 after acquiring an additional 39 shares during the period. FCG Investment Co raised its holdings in shares of International Business Machines by 115.5% during the first quarter. FCG Investment Co now owns 5,324 shares of the technology company's stock worth $1,324,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Spreng Capital Management Inc. acquired a new position in International Business Machines during the first quarter valued at $203,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IBM shares. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. BMO Capital Markets boosted their price target 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. Morgan Stanley dropped their price objective on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Finally, KGI Securities set a $242.00 target price on shares of International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. One 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $268.75.

International Business Machines Price Performance

NYSE:IBM traded up $1.0990 during trading hours on Wednesday, reaching $242.3790. 3,236,938 shares of the company were exchanged, compared to its average volume of 4,748,260. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The firm has a market cap of $225.27 billion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 3.69 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $194.12 and a twelve month high of $296.16. The stock's 50-day moving average is $271.93 and its 200-day moving average is $258.43.

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, topping analysts' consensus estimates 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 business had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $16.58 billion. During the same quarter in the previous year, the company earned $2.43 earnings per share. The company'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, sell-side analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal 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.