Atria Wealth Solutions Inc. Has $17.73 Million Position in International Business Machines Corporation (NYSE:IBM)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in International Business Machines Corporation (IBM) by 11.4%, holding 71,311 shares worth approximately $17.73 million after selling 9,180 shares.
• Notable institutional investors increased their positions in IBM, with Capital World Investors ramping up holdings by 413.5% and GAMMA Investing LLC seeing a rise of 29,564.2% in the first quarter.
• IBM reported $2.80 EPS for its latest quarter, surpassing estimates, with revenue rising 7.7% year-over-year to $16.98 billion.

Atria Wealth Solutions Inc. lessened its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,311 shares of the technology company's stock after selling 9,180 shares during the period. Atria Wealth Solutions Inc.'s holdings in International Business Machines were worth $17,732,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital World Investors increased its holdings in International Business Machines by 413.5% during the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock worth $10,940,520,000 after purchasing an additional 4,384,958 shares during the last quarter. Northern Trust Corp increased its stake in shares of International Business Machines by 18.6% in the fourth quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock valued at $2,384,275,000 after buying an additional 1,704,209 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $302,564,000. Finally, First Trust Advisors LP raised its holdings in shares of International Business Machines by 26.4% in the fourth quarter. First Trust Advisors LP now owns 4,023,989 shares of the technology company's stock valued at $884,593,000 after buying an additional 840,064 shares during the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Stock Performance

Shares of International Business Machines stock opened at $251.96 on Tuesday. 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 company has a market cap of $234.17 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.86 and a beta of 0.69. The company has a 50 day moving average of $277.06 and a 200-day moving average of $257.80. International Business Machines Corporation has a 1-year low of $181.81 and a 1-year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 earnings per share. As a group, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of research reports. UBS Group upped their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price objective 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. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research note on Wednesday, April 23rd. Royal Bank Of Canada upped their price target on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $268.75.

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.

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