Blair William & Co. IL Reduces Holdings in International Business Machines Corporation (NYSE:IBM)

Key Points

• Blair William & Co. IL reduced its stake in International Business Machines Corporation (IBM) by 1,901 shares, representing a 0.4% decrease, leaving them with a total of 460,852 shares worth approximately $114.6 million.
• Other notable investors, such as Brighton Jones LLC and Massachusetts Financial Services Co. MA, have increased their holdings in IBM, highlighting continued interest from institutional investors, who now own nearly 59% of the company's stock.
• IBM's quarterly earnings exceeded analysts’ expectations with an EPS of $2.80, along with a revenue of $16.98 billion, reflecting a 7.7% year-over-year increase.

Blair William & Co. IL trimmed its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,852 shares of the technology company's stock after selling 1,901 shares during the quarter. Blair William & Co. IL's holdings in International Business Machines were worth $114,595,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc bought a new position in shares of International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG bought a new stake in International Business Machines in the first quarter worth about $28,000. Measured Risk Portfolios Inc. bought a new stake in International Business Machines in the fourth quarter worth about $43,000. Park Square Financial Group LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $43,000. Institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reissued an "outperform" rating on shares of International Business Machines in a report on Saturday, May 10th. Wall Street Zen upgraded shares of International Business Machines from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, KGI Securities set a $242.00 price objective on shares of International Business Machines and gave the stock a "hold" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Stock Up 0.8%

International Business Machines stock traded up $1.91 during mid-day trading on Monday, reaching $251.96. 5,277,332 shares of the company's stock were exchanged, compared to its average volume of 5,517,749. The company has a market cap of $234.17 billion, a P/E ratio of 40.90, a P/E/G ratio of 3.86 and a beta of 0.69. International Business Machines Corporation has a twelve month low of $181.81 and a twelve month high of $296.16. 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 company has a fifty day moving average of $277.20 and a 200-day moving average of $257.61.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (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 company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. During the same period in the prior year, the business earned $2.43 EPS. The firm's quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts expect 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.