Banco Bilbao Vizcaya Argentaria S.A. Acquires 6,636 Shares of International Business Machines Corporation $IBM

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Banco Bilbao Vizcaya Argentaria S.A. boosted its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,258 shares of the technology company's stock after purchasing an additional 6,636 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in International Business Machines were worth $56,244,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Berkshire Asset Management LLC PA raised its holdings in International Business Machines by 2.3% in the first quarter. Berkshire Asset Management LLC PA now owns 12,713 shares of the technology company's stock worth $3,231,000 after purchasing an additional 284 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in International Business Machines in the first quarter worth $161,000. Legacy Financial Advisors Inc. raised its holdings in International Business Machines by 7.3% in the first quarter. Legacy Financial Advisors Inc. now owns 7,992 shares of the technology company's stock worth $1,987,000 after purchasing an additional 543 shares in the last quarter. bLong Financial LLC raised its holdings in International Business Machines by 0.9% in the first quarter. bLong Financial LLC now owns 6,227 shares of the technology company's stock worth $1,548,000 after purchasing an additional 55 shares in the last quarter. Finally, Colonial Trust Advisors raised its holdings in International Business Machines by 14.9% in the first quarter. Colonial Trust Advisors now owns 1,189 shares of the technology company's stock worth $296,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 0.1%

International Business Machines stock opened at $239.39 on Tuesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. International Business Machines Corporation has a one year low of $193.71 and a one year high of $296.16. The stock has a market capitalization of $222.49 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.69 and a beta of 0.69. The business's fifty day moving average is $272.63 and its 200 day moving average is $258.55.

International Business Machines (NYSE:IBM - Get Free Report) last released 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. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%. The company had revenue of $16.98 billion for the quarter, compared to analysts' expectations of $16.58 billion. During the same period last year, the firm posted $2.43 earnings per share. International Business Machines's revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup reiterated an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. The Goldman Sachs Group increased their price objective on International Business Machines from $270.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stifel Nicolaus increased their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Morgan Stanley reduced their price target on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $268.75.

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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